KeyBanc raised the firm’s price target on EastGroup Properties (EGP) to $210 from $205 and keeps an Overweight rating on the shares following earnings, given a slightly improved outlook and better than expected Q1. Results were supported by meaningful speculative development leasing and broad-based demand across EastGroup’s Sun Belt, shallow-bay portfolio, which remains well-positioned, in the firm’s view.
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Read More on EGP:
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