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Goldman Lowers Its View On Retail REITS

Goldman Lowers Its View On Retail REITS - CBL & Associates Properties, Inc. NYSE:CBL, DDR Corporation NYSE:DDR

Goldman Sachs has downgraded the sector view of Retail REITs to Neutral from Attractive, and downgraded WP Glimcher Inc WPG 0.2% 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 0.35%

Buy

$236

Tanger Factory Outlet Centers Inc. SKT 0.5%

Buy

$45

Taubman Centers, Inc. TCO 0.3%

Neutral

$79

Macerich Co MAC 0.17%

Neutral

$90

General Growth Properties Inc GGP 0.02%

Neutral

$32

CBL & Associates Properties, Inc. CBL 0.09%

Neutral

$10

WP Glimcher Inc WPG 0.2%

Neutral

$12

Kimco Realty Corp KIM 0.32%

Neutral

$29

DDR Corp DDR 0.34%

Neutral

$19

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Latest Ratings for CBL

DateFirmActionFromTo
Jul 2016KeyBancUpgradesSector WeightOverweigt
Jul 2016CitigroupMaintainsNeutral
Jun 2016Goldman SachsMaintainsNeutral

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