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Jefferies Upgrades Tanger Factory Outlet Centers (SKT) to Buy

July 5, 2011 6:57 AM EDT
Get Alerts SKT Hot Sheet
Price: $29.55 --0%

Rating Summary:
    3 Buy, 8 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 10
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Jefferies upgraded Tanger Factory Outlet Centers (NYSE: SKT) from Hold to Buy and raises their price target from $27 to $32.

The firm cited, "...earnings accretion from recently announced acquisitions, and potential upside from: 1) a strong acquisition pipeline, and 2) a less risky approach to future development."

For more ratings news on Tanger Factory Outlet Centers click here and for the rating history of Tanger Factory Outlet Centers click here.

Shares of Tanger Factory Outlet Centers closed at $26.77 yesterday.


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