Goldman Sachs Maintains Buy Rating for Phillips Edison: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of Phillips Edison PECO and raise its price target from $38.00 to $39.00.

Shares of Phillips Edison are trading up 0.72% over the last 24 hours, at $33.50 per share.

A move to $39.00 would account for a 16.42% increase from the current share price.

About Phillips Edison

Phillips Edison & Co Inc is a real estate investment trust. It invests primarily in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on market leading expertise designed to optimize property value and consistently deliver a great shopping experience.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.