CBL & Assoc. Properties (CBL) Reports Q3 EPS of $0.54

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Jefferies Downgrades CBL & Associates (CBL) to Hold on Weak Outlook

November 6, 2017 4:22 AM EST

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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