Jefferies Upgrades Tanger Factory Outlet Centers (SKT) to Buy

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.

---

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
• CoStar Group acquires Zonda for $800M, adding new home data