Raymond James Resumes EastGroup Properties (EGP) at Outperform

Raymond James analyst David Rodgers resumes coverage on EastGroup Properties (NYSE: EGP) with a Outperform rating and a price target of $241.00.

The analyst comments "Tight vacancy in EGP’s core shallow-bay properties and a service economy that appears to remain healthy in the face of consumer challenges each point to continued strong core growth. Close-in tenancy should limit near-term fuel-price risks while we anticipate the development pipeline to reaccelerate over the next 12-18 months."

For an analyst ratings summary and ratings history on EastGroup Properties click here. For more ratings news on EastGroup Properties click here.

Shares of EastGroup Properties closed at $203.92 yesterday.

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