CBL & Associates Properties Reports Results for Fourth Quarter and Full Year 2015
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UBS Cuts Price Target on CBL & Assoc. Properties (CBL) Following a Narrow 4Q Beat
February 5, 2016 9:41 AM ESTUBS maintained a Neutral rating on CBL & Associates (NYSE: CBL), and cut the price target to $11.00 (from $15.50), following the company's 4Q earnings report. After adjusting for a $0.04 sale gain, 4Q FFO of $0.67 narrowly beat consensus of $0.66. However, the retail market broadly remains challenging following a slow holiday sales season and growing economic concerns.
Analyst Jeremy Metz commented, "Adjusting... More
