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

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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.

Latest Ratings for DDR

DateFirmActionFromTo
Jul 2016Deutsche BankMaintainsHold
Jul 2016Mizuho SecuritiesDowngradesNeutralUnderperform
Jul 2016Bank of AmericaDowngradesBuyNeutral

View More Analyst Ratings for DDR
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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