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Fly News Breaks for June 20, 2019
TCO
Jun 20, 2019 | 08:55 EDT
Sandler O'Neill analyst Alexander Goldfarb acknowledged that malls remain under pressure, but he thinks Taubman Centers shares have been "overly penalized" and that the market is missing that the company's portfolio quality has improved "tremendously" over the past two decades and that its asset quality "stands out relative to peers." Goldfarb maintains a Buy rating on Taubman with a $64 price target on the stock.
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