Equity One Upgraded To Market Perform

Equity One, Inc. (NYSE: EQY) has been upgraded to Market Perform, with shares trading at a premium valuation relative to company peers, but has a solid balance sheet and the ability to continue acquiring high quality properties, according to Keefe, Bruyette & Woods.

Keefe, Bruyette & Woods believes that shares are being traded fairly for the company while it remains prepared to face uncertain retail and capital markets.

Price target remains at $17 for Equity One, Inc. which closed yesterday at $15.99.