Morgan Stanley analyst Ronald Kamdem is moving Regency Centers (REG) to Top Pick across REITs, citing its “best-in-class” grocery-anchored portfolio in terms of household income and density. Peer-leading organic growth, supplemented by selective external growth, should drive FY26 and FY27 FFO growth of 3.5% and 4.4%, respectively, says the analyst, who has an Overweight rating and $85 price target on Regency shares.
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- Regency Centers price target lowered to $76 from $78 at Scotiabank
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