By: Benzinga
UPDATE: Morgan Stanley Upgrades EastGroup Properties to Overweight on Significant Shareholder Value
In a report published Tuesday, Morgan Stanley analyst Vance H. Edelson upgraded the rating on EastGroup Properties (NYSE: EGP ) from Equal-Weight to Overweight, and raised the price target from $53.00 to $69.00. In the report, Edelson noted, “A local focus in sunbelt markets makes EGP our single best play
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