Credit Suisse Downgrades DDR Corp. (DDR) to Neutral

Credit Suisse downgraded DDR Corp. (NYSE: DDR) from Outperform to Neutral with a price target of $18.50 on valuation.

Analyst Ian Weissman commented, "Our downgrade on DDR is purely valuation based with the stock outperfomring its shopping center sector peers by 300bp over the last 30 days (up ~11%) and now trades at a 7% premium to NAV, or an implied 6.1% cap rate. While we have a lot of respect for CEO Tom August; we believe much of the 'optimism' surrounding the welcomed leadership change is already priced."

For an analyst ratings summary and ratings history on DDR Corp. click here. For more ratings news on DDR Corp. click here.

Shares of DDR Corp. closed at $19.34 yesterday.

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