UPDATE: J.P. Morgan Lowers Price Target on Taubman Centers to $67

According to J.P. Morgan, Taubman Centers (NYSE: TCO) price target is lowered to $67.

J.P. Morgan said that it believes that the major takeaways from TCO's 3Q call continued to support its constructive stance on the stock. “Net-net, we maintain our OW rating as we like the stock's absolute & relative valuations, and we think it is poised to deliver strong growth over the next few years.”

Taubman Centers closed on Friday at $56.14.