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Fly News Breaks for October 26, 2016
SKT
Oct 26, 2016 | 06:15 EDT
Goldman Sachs analyst Andrew Rosivach downgraded Tanger Factory Outlet Centers to Neutral citing a slowdown in earnings growth and a "less-attractive" valuation. Tenant risk is expanding beyond department stores, Rosivach tells investors in a research note. He cut his price target for the shares to $40 from $44.
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