Morgan Stanley analyst Ronald Kamdem raised the firm’s price target on EastGroup Properties (EGP) to $205 from $180 and keeps an Equal Weight rating on the shares. The firm maintained an in-Line view of the REIT space with a +15% expected total return. Apartments, billboards, and data centers added to most preferred sectors, and industrial, cold storage and triple net moved to neutral, the analyst tells investors in a research note.
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Read More on EGP:
- EastGroup Properties upgraded to Overweight from Equal Weight at Barclays
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