Tanger Factory Outlet (SKT) Reports In-Line Q2 FFO, Updates Guidance

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UPDATE: UBS Downgrades Tanger Factory Outlet Centers (SKT) to Neutral

August 6, 2014 6:56 AM EDT

(Updated - August 6, 2014 11:18 AM EDT)

UBS downgraded Tanger Factory Outlet Centers (NYSE: SKT) from Buy to Neutral with a price target of $34 (from $38).

Analyst Ross T. Nussbaum said, "While SKT's 2Q earnings report was fine, the development pipeline is experiencing... More