Market Overview

UPDATE: Jefferies Downgrades DDR Corporation to Hold as Key Catalyst Passes

Related DDR
Balanced Risk-Reward for DDR (revised) - Analyst Blog
Balanced Risk-Reward for DDR - Analyst Blog

Jefferies downgraded DDR Corporation (NYSE: DDR) from Buy to Hold and reduced its price target from $19 to $17.

Jefferies said, "While we remain fans of the DDR story (and most especially the management team), we are downgrading the stock to a HOLD primarily due to the fact that a key catalyst (i.e., attractive debt refinancing simultaneous with improving balance sheet strength) has now occurred. In our opinion, the stock is also now fairly valued after the strong 28% run the stock experienced in 2012."

DDR Corporation closed at $15.87 on Monday.

Posted-In: JefferiesAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Most Popular

Related Articles (DDR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free