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.”
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEG:
- Seaport Entertainment Appoints New CEO Amid Leadership Changes
- Seaport Entertainment Group appoints Matt Partridge as CEO
- Seaport Entertainment Group’s Earnings Call Highlights Progress and Challenges
- Seaport Entertainment Sells 250 Water Street Project
- Seaport Entertainment Group to sell 250 Water Street project for $150.5M