Eastgroup Properties (EGP) Misses Q3 EPS by 1c, Beats on Revenues; Offers FY17 EPS Guidance Above Consensus

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Go back to Eastgroup Properties (EGP) Misses Q3 EPS by 1c, Beats on Revenues; Offers FY17 EPS Guidance Above Consensus

Mizuho Securities Downgrades EastGroup Properties (EGP) to Neutral

October 23, 2017 5:12 AM EDT

Mizuho Securities downgraded EastGroup Properties (NYSE: EGP) from Buy to Neutral with a price target of $92.00.

Analyst Richard Anderson cites valuation for the downgrade and notes the "Improving Houston" thesis is now well understood by the market and he struggles to justify... More