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TCO

Taubman Centers

$49.70

(0.00%)

09:11
10/02/17
10/02
09:11
10/02/17
09:11

Land & Buildings issues open letter to Taubman Centers board

Land & Buildings Investment Management issued an open letter to the Board of Directors of Taubman Centers regarding the Board's unilateral adoption of an exclusive forum By-Law amendment on September 29, 2017, which serves to further disenfranchise shareholders despite the Company's touted commitment to enhancing corporate governance at Taubman. In just 15 months, six director candidates, a majority of the Board, could be nominated setting the stage for the Taubman Family to lose their grip on the Board if the horrible share price performance, dismal earnings and poor capital allocation persist.

  • 10

    Oct

  • 11

    Oct

TCO Taubman Centers
$49.70

(0.00%)

09/11/17
BMOC
09/11/17
INITIATION
Target $48
BMOC
Underperform
Taubman Centers initiated with an Underperform at BMO Capital
BMO Capital analyst Jeremy Metz initiated Taubman Centers with an Underperform and a $48 price target.
09/18/17
MSCO
09/18/17
DOWNGRADE
Target $47
MSCO
Underweight
Taubman Centers downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Richard Hill downgraded Taubman Centers to Underweight from Equal Weight, stating that while Taubman owns the highest quality portfolio of malls, its Q2 results showed its smaller portfolio may give it less negotiating leverage with retailers than peers. Additionally, Taubman is the only Class A REIT where he expects same-store growth to turn negative in the second half of the year, he tells investors. Hill lowered his price target on Taubman shares to $47 from $56.
09/18/17
09/18/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Finish Line (FINL) downgraded to Underweight from Neutral at Piper Jaffray with analyst Erinn Murphy saying she sees further downside risk to estimates. 2. United Continental (UAL) downgraded to Neutral from Buy at Buckingham with the firm's analyst cutting his 2018 pre-tax earnings forecast by 20% and expects the multiple to contract further as consensus estimates are reset lower. 3. Brooks Automation (BRKS) downgraded to Hold from Buy at Needham with analyst Y. Edwin Mok citing valuation. 4. Wipro (WIT) downgraded to Sell from Neutral at Goldman Sachs with the firm saying earnings growth stays anemic while valuation is rich. 5. Taubman Centers (TCO) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Richard Hill stating that while Taubman owns the highest quality portfolio of malls, its second quarter results showed its smaller portfolio may give it less negotiating leverage with retailers than peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/17
JPMS
09/26/17
DOWNGRADE
Target $57
JPMS
Neutral
Taubman Centers downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Mueller downgraded Taubman Centers to Neutral and cut his price target for the shares to $57 from $64. The analyst believes the recent net operating income guidance reduction will weigh on the shares in the near-term and sees the Street's 2018 current outlook as "being a little lofty given recent trends."

TODAY'S FREE FLY STORIES

STIM

Neuronetics

$26.27

-0.44 (-1.65%)

05:19
07/23/18
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05:19
Initiation
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PZZA

Papa John's

$51.61

0.62 (1.22%)

05:17
07/23/18
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ACN

Accenture

$166.47

-0.47 (-0.28%)

05:16
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BV

BrightView

$21.95

0.14 (0.64%)

05:12
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TCDA

Tricida

$29.50

-0.42 (-1.40%)

05:10
07/23/18
07/23
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05:10
Initiation
Tricida initiated  »

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BV

BrightView

$21.95

0.14 (0.64%)

05:08
07/23/18
07/23
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05:08
Initiation
BrightView initiated  »

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INSM

Insmed

$24.98

-0.12 (-0.48%)

05:07
07/23/18
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Initiation
Insmed initiated  »

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  • 07

    Aug

  • 28

    Sep

BJ

BJ's Wholesale

$25.90

0.23 (0.90%)

05:04
07/23/18
07/23
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05:04
Initiation
BJ's Wholesale initiated  »

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BJ

BJ's Wholesale

$25.90

0.23 (0.90%)

05:01
07/23/18
07/23
05:01
07/23/18
05:01
Initiation
BJ's Wholesale initiated  »

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DUK

Duke Energy

$80.64

-0.56 (-0.69%)

04:58
07/23/18
07/23
04:58
07/23/18
04:58
Upgrade
Duke Energy rating change  »

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03/08/13
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  • 02

    Aug

STI

SunTrust

$70.86

1.855 (2.69%)

04:55
07/23/18
07/23
04:55
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04:55
Upgrade
SunTrust rating change  »

SunTrust upgraded to Buy…

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MGEN

Miragen Therapeutics

$6.87

-0.08 (-1.15%)

04:55
07/23/18
07/23
04:55
07/23/18
04:55
Conference/Events
Miragen Therapeutics management to meet with Oppenheimer »

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03/08/13
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  • 23

    Jul

04:55
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07/23
04:55
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04:55
Conference/Events
RBC Capital commodity strategist to hold a dinner meeting »

Commodity Strategist…

04:55
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General news
Breaking General news story  »

6-Month Bill Auction to…

SAR

Saratoga Investment

$24.59

0.08 (0.33%)

04:55
07/23/18
07/23
04:55
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04:55
Conference/Events
Saratoga Investment management to meet with Compass Point »

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  • 23

    Jul

04:55
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General news
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NTEC

Intec Pharma

$4.75

(0.00%)

04:55
07/23/18
07/23
04:55
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04:55
Conference/Events
Intec Pharma management to meet with Oppenheimer »

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  • 23

    Jul

04:55
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07/23
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04:55
General news
Chicago Fed National Activity Index Level to be reported at 08:30 »

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General news
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General news
Existing Home Sales to be reported at 10:00 »

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CCLAY

Coca-Cola Amatil

$0.00

(0.00%)

04:52
07/23/18
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03:05
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FX Update: The dollar remained on a softening track »

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AGIO

Agios Pharmaceuticals

$91.06

-0.23 (-0.25%)

, CELG

Celgene

$85.09

-0.26 (-0.30%)

20:07
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Recommendations
Agios Pharmaceuticals, Celgene analyst commentary at Piper Jaffray »

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AGIO

Agios Pharmaceuticals

$91.06

-0.23 (-0.25%)

CELG

Celgene

$85.09

-0.26 (-0.30%)

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  • 26

    Jul

  • 21

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SYNT

Syntel

$39.15

0.14 (0.36%)

, FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

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SYNT

Syntel

$39.15

0.14 (0.36%)

FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

PM

Philip Morris

$84.31

3.41 (4.22%)

RACE

Ferrari

$139.98

-2.65 (-1.86%)

AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

NFLX

Netflix

$361.33

-2.81 (-0.77%)

TSLA

Tesla

$313.49

-6.85 (-2.14%)

SNE

Sony

$52.97

0.355 (0.67%)

AB

AllianceBernstein

$29.90

-0.05 (-0.17%)

BLK

BlackRock

$503.01

-1.42 (-0.28%)

BEN

Franklin Resources

$31.99

-0.28 (-0.87%)

IVZ

Invesco

$25.46

-0.245 (-0.95%)

LM

Legg Mason

$33.37

-0.13 (-0.39%)

TROW

T. Rowe Price

$119.87

-0.85 (-0.70%)

03/08/13
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  • 26

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  • 01

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  • 15

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    Aug

INDB

Independent Bank

$88.10

6.45 (7.90%)

17:48
07/22/18
07/22
17:48
07/22/18
17:48
Upgrade
Independent Bank rating change at Keefe Bruyette »

Independent Bank upgraded…

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