Analysts Say General Growth (GGP) Fairly Valued

November 13, 2012 11:00 AM EST
Get Alerts GGP Hot Sheet
Price: $24.82 -0.32%

Rating Summary:
    16 Buy, 10 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Imperial Capital maintained an In-Line rating on General Growth Properties (NYSE: GGP) with a price target of $20.00.

Analyst David Harris said "The U.S. election result has increased the likelihood of increased taxation, in our view. Potential pressure on discretionary spending and, by association, demand for retail space in high end malls does not appear to be fully reflected."

Harris continues to see a takeover of General Growth as unlikely, and noted progress in improving operations. He views the stock as fairly valued.

For an analyst ratings summary and ratings history on General Growth Properties click here. For more ratings news on General Growth Properties click here.

Shares of General Growth Properties closed at $18.82 yesterday.

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