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EastGroup Properties price target lowered to $182 from $183 at RBC Capital

RBC Capital lowered the firm’s price target on EastGroup Properties (EGP) to $182 from $183 and keeps a Sector Perform rating on the shares. EastGroup delivered a largely in-line Q2 report, highlighting a largely stable environment for the in-place portfolio, but a slightly slower environment in the development portfolio, the analyst tells investors in a research note.

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