JonesResearch analyst Matthew Erdner initiated coverage of Seaport Entertainment Group (SEG) with a Buy rating and $27.50 price target. The internally-managed C-corp, which was once a part of Howard Hughes (HHH), has a “unique” portfolio of premier quality entertainment, retail and experiential assets in NYC’s Seaport District and Las Vegas, notes the analyst, who views Seaport as well positioned to benefit from its “distinctive assets and immersive experiences.”
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