Goldman Sachs Downgrades General Growth Properties (GGP) to Neutral
Tweet
Share
E-mail
Get Alerts GGP Hot Sheet
Price: $22.06 --0%
Rating Summary:
10 Buy, 10 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
10 Buy, 10 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Goldman Sachs downgraded General Growth Properties (NYSE: GGP) from Buy to Neutral with a price target of $14 (down from $15) citing lower-than-expected growth in 2012.
The firm notes expects more tepid earnings growth in 2012 of 5% and thus, would rather own shares of companies with greater near-term visibility andsuperior growth, such as Simon Property Group (NYSE: SPG) and Taubman Centers (NYSE: TCO).
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 $13.70 yesterday.
The firm notes expects more tepid earnings growth in 2012 of 5% and thus, would rather own shares of companies with greater near-term visibility andsuperior growth, such as Simon Property Group (NYSE: SPG) and Taubman Centers (NYSE: TCO).
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 $13.70 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
- UBS says bull market has further to run
Create E-mail Alert Related Categories
DowngradesRelated Entities
Goldman Sachs, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
