BMO Capital analyst Juan Sanabria raised the firm's price target on Brixmor to $37 from $35 and keeps an Outperform rating on the shares as part of a broader research note on US Real Estate. In the run-up to the World Cup, hotel prices have continued to moderate, declining 20%-40% across most host cities since January, but with expectations muted, there is room for an upside surprise as the fervor around the World Cup builds and drives late transient demand, the analyst tells investors in a research note.
