Goldman Sachs Downgrades Tanger Factory Outlet to Neutral, Announces $26 Price Target
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Caitlin Burrows has downgraded Tanger Factory Outlet (NYSE:SKT) from Buy to Neutral and set a price target of $26.
August 16, 2023 | 8:54 am
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NEGATIVE IMPACT
Goldman Sachs has downgraded Tanger Factory Outlet from Buy to Neutral, potentially impacting the stock's performance.
Analyst ratings can significantly influence a stock's performance. Goldman Sachs' downgrade from Buy to Neutral indicates a less optimistic outlook for Tanger Factory Outlet, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100