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.
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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