Barclays Maintains an 'Equalweight' on General Growth Properties (GGP); Fundamentals Improving, But Waiting on Execution
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Price: $22.86 --0%
Rating Summary:
5 Buy, 9 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Rating Summary:
5 Buy, 9 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Trade GGP Now!
Barclays maintains an 'Equalweight' on General Growth Properties (NYSE: GGP) price target raised from $15 to $17.
Analyst, Ross L. Smotrich, said, "We think the movement toward more permanent tenant occupancy lessens the risk profile of the portfolio while bolstering long-term growth potential. That said, these gains are still a ways off and appear to be priced into the stock at current levels."
Raising FY12 FFO from $0.87 to $0.88 and core FFY from $0.92 to $0.93.
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 $17.64 yesterday, with a 52 week range of $10.68-$18.44.
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Analyst, Ross L. Smotrich, said, "We think the movement toward more permanent tenant occupancy lessens the risk profile of the portfolio while bolstering long-term growth potential. That said, these gains are still a ways off and appear to be priced into the stock at current levels."
Raising FY12 FFO from $0.87 to $0.88 and core FFY from $0.92 to $0.93.
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 $17.64 yesterday, with a 52 week range of $10.68-$18.44.
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