Urban Edge price target raised to $25 from $23.50 at Compass Point

Compass Point analyst Floris van Dijkum raised the firm’s price target on Urban Edge to $25 from $23.50 and keeps a Buy rating on the shares. The firm is adjusting price targets for select shopping center REITs to reflect improving earnings expectations, the imminent prospect of rate cuts, as well as relative REIT valuation movements.