Brixmor upgraded to Outperform from In Line at Evercore ISI

Evercore ISI upgraded Brixmor (BRX) to Outperform from In Line with an unchanged price target of $31 post the Q4 report. While the initial guidance looks broadly in line with estimates, the company’s same-store net operating income growth is “clearly a pleasant surprise” and leaves some room for Brixmor to raise its guidance metrics throughout the year, the analyst tells investors in a research note. Evercore thinks the stock in the low $26s offers investors a good entry point and an attractive valuation “in a sector that has limited new supply and solid demand across a wide range of retailers and categories.”