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Fly News Breaks for December 17, 2019
TCO
Dec 17, 2019 | 07:12 EDT
KeyBanc analyst Todd Thomas lowered his price target for Taubman Centers to $55 from $69 as part of a broader research note on the REIT sector. The analyst says Taubman's fundamentals continue to be impacted by retailer bankruptcies and store closures, along with the overall changing retail landscape. While he lowers his price target, he keeps an Overweight rating on the shares given Taubman's high quality portfolio and attractive valuation.
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