Market Overview

UPDATE: JP Morgan Upgrades Equity One to Overweight on Valuation, Pipeline Catalysts

Share:
Related EQY
Benzinga's Top Upgrades
Homeownership Is At 48-Year Lows And Rents Are Skyrocketing: How Do You Invest In That?

JP Morgan upgraded Equity One (NYSE: EQY) from Neutral to Overweight and raises the price target from $23.50 to $24.00.

JP Morgan noted, "Given the portfolio repositioning that has been occurring, we believe EQY should trade at one of the lower implied cap rates in the strip center sector (it currently trades at 6.2% – 80 bps above AKR and FRT). We believe that additional non-core asset sales announcements and growing its development/redevelopment pipeline will be catalysts for the stock."

Equity One closed at $22.06 on Tuesday.

Latest Ratings for EQY

DateFirmActionFromTo
Jan 2016Stifel NicolausMaintainsBuy
Dec 2015Credit SuisseInitiates Coverage onNeutral
Dec 2015Wells FargoUpgradesMarket PerformOutperform

View More Analyst Ratings for EQY
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (EQY)

View Comments and Join the Discussion!