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UPDATE: Jefferies & Company Upgrades Tanger Factory Outlet Centers to Buy, Raises PT

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Tanger Factory Outlet Removed From Goldman's Americas Buy List, Downgraded To Neutral Citing Slowing Growth & Increased Expansion Risks

In a report published Friday, Jefferies & Company upgraded its rating on Tanger Factory Outlet Centers (NYSE: SKT) to Buy, and raised its price target from $34.00 to $37.00.

Jefferies noted, “We believe SKT is set up for strong earnings growth in 2013/2014 given the recent development project announcements. As such, SKT's valuation looks attractive relative to its improved earnings outlook. We are raising our estimates and price target on SKT, and upgrading SKT to a BUY rating.”

Tanger Factory Outlet Centers closed on Thursday at $31.83.

Latest Ratings for SKT

DateFirmActionFromTo
Nov 2016Hilliard LyonsUpgradesNeutralBuy
Oct 2016Goldman SachsDowngradesBuyNeutral
Aug 2016UBSMaintainsNeutral

View More Analyst Ratings for SKT
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Upgrades Analyst Ratings

 

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