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

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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 2017CitigroupMaintainsSell
Nov 2017Bank of AmericaUpgradesUnderperformNeutral
Nov 2017Boenning & ScattergoodUpgradesUnderperformNeutral

View More Analyst Ratings for SKT
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Upgrades Analyst Ratings

 

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