Piper Sandler last night downgraded EastGroup Properties (EGP) to Neutral from Overweight with a price target of $175, down from $218. The firm believes industrial real estate investment trusts “will be the most in flux” from last week’s tariff announcement. Trump’s tariff actions completely upend global and domestic trade, given how intertwined imported goods are in U.S. consumption, the analyst tells investors in a research note. Piper thinks the impact is most pronounced in industrials, “as it’s easy to see tenants delay decisions given sourcing and pricing uncertainty.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EGP:
- EastGroup Properties downgraded to Neutral from Overweight at Piper Sandler
- Reddit initiated, Netflix upgraded: Wall Street’s top analyst calls
- EastGroup Properties downgraded to In Line from Outperform at Evercore ISI
- EastGroup Properties: Stable Performance Amid Market Challenges Justifies Hold Rating
- EastGroup Properties price target raised to $194 from $192 at Baird
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue