Goldman Lowers Its View On Retail REITS

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Goldman Sachs has downgraded the sector view of Retail REITs to Neutral from Attractive, and downgraded WP Glimcher Inc WPG to Neutral on lower earnings and comps.

“Overall, we now see a more balanced outlook for Retail REITs and lower our coverage view to Neutral from Attractive,” analyst Andrew Rosivach wrote in a note.

Related Link: Traditional Retail Struggles To Convince Shoppers To Visit Physical Stores

Following are Goldman’s rating and price targets on various REITs:

Company

Rating

Price Target

Simon Property Group Inc SPG

Buy

$236

Tanger Factory Outlet Centers Inc. SKT

Buy

$45

Taubman Centers, Inc. TCO

Neutral

$79

Macerich Co MAC

Neutral

$90

General Growth Properties Inc GGP

Neutral

$32

CBL & Associates Properties, Inc. CBL

Neutral

$10

WP Glimcher Inc WPG

Neutral

$12

Kimco Realty Corp KIM

Neutral

$29

DDR Corp DDR

Neutral

$19

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Posted In: Analyst ColorREITDowngradesPrice TargetReiterationAnalyst RatingsReal EstateAndrew RosivachGoldman SachsRetail REITs
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