Goldman Lowers Its View On Retail REITS
Goldman Sachs has downgraded the sector view of Retail REITs to Neutral from Attractive, and downgraded WP Glimcher Inc (NYSE: 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.
Following are Goldman’s rating and price targets on various REITs:
Company |
Rating |
Price Target |
|
Simon Property Group Inc (NYSE: SPG) |
Buy |
$236 |
|
Tanger Factory Outlet Centers Inc. (NYSE: SKT) |
Buy |
$45 |
|
Taubman Centers, Inc. (NYSE: TCO) |
Neutral |
$79 |
|
Macerich Co (NYSE: MAC) |
Neutral |
$90 |
|
General Growth Properties Inc (NYSE: GGP) |
Neutral |
$32 |
|
CBL & Associates Properties, Inc. (NYSE: CBL) |
Neutral |
$10 |
|
WP Glimcher Inc (NYSE: WPG) |
Neutral |
$12 |
|
Kimco Realty Corp (NYSE: KIM) |
Neutral |
$29 |
|
DDR Corp (NYSE: DDR) |
Neutral |
$19 |
Did you like this article? Could it have been improved? Please email feedback@benzinga.com to let us know!
Latest Ratings for CBL
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| May 2019 | BTIG | Upgrades | Sell | Neutral |
| Aug 2018 | Bank of America | Maintains | Underperform | Underperform |
| Aug 2018 | BTIG Research | Downgrades | Neutral | Sell |
View More Analyst Ratings for CBL
View the Latest Analyst Ratings
Posted-In: Andrew RosivachAnalyst Color REIT Downgrades Price Target Reiteration Analyst Ratings Real Estate Best of Benzinga
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
