Jefferies Downgrades DDR Corp. (DDR) to Hold

January 8, 2013 7:24 AM EST
Get Alerts DDR Hot Sheet
Price: $15.06 +0.27%

Rating Summary:
    7 Buy, 13 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies downgraded DDR Corp. (NYSE: DDR) from Buy to Hold with a price target of $17.00 (from $19.00).

The firm comments, "While we remain fans of the DDR story (and most especially the management team), we are downgrading the stock to a HOLD primarily due to the fact that a key catalyst (i.e., attractive debt refinancing simultaneous with improving balance sheet strength) has now occurred. In our opinion, the stock is also now fairly valued after the strong 28% run the stock experienced in 2012."

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 $15.87 yesterday.

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