EastGroup Properties price target raised to $185 from $183 at Evercore ISI

Evercore ISI analyst Steve Sakwa raised the firm’s price target on EastGroup Properties (EGP) to $185 from $183 and keeps an In Line rating on the shares. A significant drop in interest rates could enhance valuations across the REIT sector, potentially aiding recovery, but estimate revisions indicate lower expectations for 2026 and 2027, the analyst tells investors in a note updating models among the group.