Brixmor price target raised to $33 from $29 at Scotiabank

Scotiabank raised the firm’s price target on Brixmor (BRX) to $33 from $29 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Retail REITs under its coverage, the analyst tells investors. Management teams appear to be embedding deliberate conservatism into initial 2026 same-store net operating income guidance, which will create a favorable setup for outperformance, the firm adds.