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Fly News Breaks for March 3, 2017
SKT
Mar 3, 2017 | 08:31 EDT
Evercore ISI changed its rating system to Outperform, In Line and Underperform. Analyst Steve Sakwa upgraded Tanger Factor to Outperform citing relative valuation and maintained his $37 price target. Sakwa said occupancy costs are still lower in this distribution channel and outlets have little exposure to the department store closings that the malls will continue to face.
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