EastGroup Properties price target raised to $200 from $196 at Baird

Baird raised the firm’s price target on EastGroup Properties (EGP) to $200 from $196 and keeps an Outperform rating on the shares. he firm says that with stock valuations reflecting anticipated fundamental improvements, the industrial real estate sector’s risk/reward appears balanced. As such, it moved to an Market Weight from Overweight sector position.