UPDATE: JP Morgan Raises PT to $25 on Equity One; Updates Business Model Expectations

JP Morgan maintained Equity One (NYSE: EQY) with an Overweight rating and raised the price target from $24.00 to $25.00.

JP Morgan noted, "After 4Q results and updated guidance, we are increasing our 2013 recurring FFO/share estimate by $0.04 to $1.21 and increasing our 2014 recurring FFO/share estimate by $0.04 to $1.28. As a result, we are also bumping up our December 2013 price target to $25 per share from $24."

Equity One closed at $23.03 on Wednesday.

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