Piper Sandler lowered the firm’s price target on EastGroup Properties (EGP) to $172 from $175 and keeps a Neutral rating on the shares. Ahead of Q1 2025 earnings, the firm is adjusting estimates for recent company announcements and assumption revisions. Piper is making a preemptive reduction to EastGroup, as it believes rent growth will moderate as tenants contemplate the impact of tariffs, with managements likely focusing on occupancy.
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