UBS Downgrades DDR Corp. (DDR) to Neutral
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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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UBS downgraded DDR Corp. (NYSE: DDR) from Buy to Neutral with a $16 price target.
"We upgraded DDR just over two years ago based on a combination of factors including (i) an improving balance sheet leading to an investment grade rating; (ii) occupancy upside; (iii) likely dividend hikes; and a (iv) discounted valuation. Each of these catalysts has p.layed out. We are therefore downgrading this power center owner to Neutral from Buy."
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 $15.68 yesterday.
"We upgraded DDR just over two years ago based on a combination of factors including (i) an improving balance sheet leading to an investment grade rating; (ii) occupancy upside; (iii) likely dividend hikes; and a (iv) discounted valuation. Each of these catalysts has p.layed out. We are therefore downgrading this power center owner to Neutral from Buy."
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 $15.68 yesterday.
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