Brixmor upgraded to Outperform from Neutral at Mizuho

Mizuho analyst Haendel St. Juste upgraded Brixmor (BRX) to Outperform from Neutral with an unchanged price target of $29. The firm says shopping center real estate investment trust portfolios are positioned “well-enough” from a tenant credit-reserve perspective to raise initial fiscal 2025 guidance. It expects improved occupancy and signed not occupied tailwinds to drive improved growth into the second half of 2025. Mizuho sees “favorable relative value” in Brixmor shares at current levels.