Why Did Phillips Edison Plunge 22.88%? Analysts Revise Outlook

On July 18, 2025, Phillips Edison experienced a significant drop of 22.88% in pre-market trading, sparking concerns among investors and analysts alike.

Analysts from Wells Fargo & Company have revised their outlook on Phillips Edison & Company, Inc. (PECO), lowering their price target from $37.00 to $36.00 while maintaining an "equal weight" rating. This adjustment reflects a cautious stance on the company's near-term prospects, potentially contributing to the recent market volatility.

Additionally, PriceTargets.com has updated its analyst ratings, adjusting the price target for PECO from $38.00 to $37.00. This revision, along with the "equal weight" rating, suggests a more conservative view on the stock's future performance, which may have influenced the recent market sentiment.