KeyBanc Starts DDR Corp. (DDR) at Buy; Improving Operations & Balance Sheet to Narrow Valuation Gap
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Price: $11.99 --0%
Rating Summary:
5 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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KeyBanc initiates coverage on DDR Corp. (NYSE: DDR) with a Buy. PT $14.00.
KeyBanc analyst says, "DDR is a turnaround story that is roughly two years in the making: following several years of robust M&A in Puerto Rico, Brazil and throughout the United States, DDR found itself crippled beneath its debt load when the 2008/2009 recession and credit crisis unfolded...Moreover, our BUY rating on DDR is consistent with our view of a continued stabilization in shopping center fundamentals, led by steadily improving demand and scarce new supply, which is leading us to grow increasingly constructive on the shopping center sector."
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 $11.81 yesterday.
KeyBanc analyst says, "DDR is a turnaround story that is roughly two years in the making: following several years of robust M&A in Puerto Rico, Brazil and throughout the United States, DDR found itself crippled beneath its debt load when the 2008/2009 recession and credit crisis unfolded...Moreover, our BUY rating on DDR is consistent with our view of a continued stabilization in shopping center fundamentals, led by steadily improving demand and scarce new supply, which is leading us to grow increasingly constructive on the shopping center sector."
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 $11.81 yesterday.
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