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Why Tanger Factory Outlet's Stock Is Trading Lower Today

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Tanger Factory Outlet Centers, Inc. (NYSE: SKT) shares are trading lower on Monday.

Bank of America analyst Craig Schmidt downgraded the stock from Neutral to Underperform and lowered its price target from $11 to $5.50 per share.

Tanger Factory Outlet Centers is a real estate investment trust headquartered in Greensboro, North Carolina that invests in shopping centers containing outlet stores.

The company shares were trading down 12.21% at $6.11 on Monday. The stock has a 52-week high of $21.28 and a 52-week low of $5.55.

Latest Ratings for SKT

DateFirmActionFromTo
Mar 2021Goldman SachsDowngradesNeutralSell
Sep 2020KeyBancUpgradesUnderweightSector Weight
Jul 2020Goldman SachsReinstatesNeutral

View More Analyst Ratings for SKT
View the Latest Analyst Ratings

 

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Posted-In: News Downgrades Price Target Analyst Ratings Movers Trading Ideas

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
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