BUZZ-Piper Sandler upgrades EastGroup Properties to 'overweight'
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Piper Sandler upgraded EastGroup Properties to "overweight" from "neutral," citing improved tenant demand and leasing activity. The brokerage raised the price target to $220, a 19.3% upside from the last close. EGP shares rose 1.13% to $186.35. Leasing surged in Q4 with 454k square feet signed. 14 of 21 brokerages rate EGP "buy" or higher, with a median price target of $200. EGP is up 14.8% YTD.
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