Market Overview

UPDATE: Goldman Sachs Downgrades CBL & Associates Properties to Neutral on Valuation

Share:
Related CBL
Morgan Stanley Lists Top SMID Stocks To Buy And Sell Headed Into 2017
Mall Stocks Vs. Mall REITs: What's The Safer Bet?
No, Malls Are Not Dying (Seeking Alpha)

Goldman Sachs reduced its rating on CBL & Associates Properties (NYSE: CBL) from Buy to Neutral with a reiterated $23 price target.

Goldman Sachs commented, "We downgrade shares of CBL & Associates Properties (CBL) to Neutral from Buy, as the share price is nearly at our 12-month price target of $23, and an improving credit recovery environment is reflected in equity prices. Going forward we think operating performance will be the key metric for mall REITs, but that CBL's exposure to malls with weaker historical sales growth and challenged anchor stores, will result in limited internal growth opportunities."

CBL & Associates Properties closed at $22.47 on Monday.

Latest Ratings for CBL

DateFirmActionFromTo
Jan 2017CitigroupUpgradesSellNeutral
Dec 2016CitigroupDowngradesNeutralSell
Aug 2016BarclaysMaintainsEqual-Weight

View More Analyst Ratings for CBL
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (CBL)

View Comments and Join the Discussion!