Mizuho raised the firm’s price target on Phillips Edison (PECO) to $39 from $37 and keeps an Outperform rating on the shares. The firm downgraded the shopping center real estate investment trust sector to Neutral, believing the group has reached peak fundamentals with portfolios approaching or surpassing all-time high occupancy levels.
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Read More on PECO:
- Phillips Edison price target raised to $38 from $37 at UBS
- Maintaining a Neutral Stance: Modest FFO Upgrades but Limited Upside Justify Hold Rating on U.S. Retail REIT
- Phillips Edison price target raised to $37 from $36 at Morgan Stanley
- Phillips Edison & Company: Above-Average Growth and Strong FFO Visibility at a Discounted Valuation Supports Buy Rating
- Phillips Edison price target raised to $42 from $40 at Barclays