KeyBanc Downgrades Taubman Centers (TCO) to Sector Weight, Following Acquisition and Earnings

KeyBanc analyst Craig Mailman downgraded Taubman Centers (NYSE: TCO) from Overweight to Sector Weight.

Analyst says: "Pricing appears favorable for both SPG and TCO shareholders at a 6.2% cash cap rate. Notably, we do not expect a competing bid to surface, and see a high probability of the deal closing mid-year, as anticipated."

For an analyst ratings summary and ratings history on Taubman Centers click here. For more ratings news on Taubman Centers click here.

Shares of Taubman Centers closed at $34.67 yesterday.

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