Jefferies Downgrades CBL & Associates (CBL) to Hold on Weak Outlook
Jefferies downgraded CBL & Associates (NYSE: CBL) from Buy to Hold with a price target of $5.00 (from $11.00).
Analyst Omotayo Okusanya says the outlook for the company is deteriorating faster than previously expected noting "everything the market feared came true in 3Q17."
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Shares of CBL & Associates closed at $5.92 yesterday.