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Fly News Breaks for September 28, 2016
TCO
Sep 28, 2016 | 06:16 EDT
Goldman analyst Andrew Rosivach upgraded Taubman Centers to Buy and raised its price target to $87 from $79. The analyst believes Taubman can outperform peers in terms of fewer store closings as traditional retailers retrench and said its portfolio is near its highest productivity ever after asset sales in 2014. Rosivach thinks 2017 earnings guidance has lower risk of than previous periods and can produce 9.5% annual FFO growth after three years of no growth.
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