B of A Securities Maintains Underperform on Tanger Factory Outlet, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Craig Schmidt maintains an 'Underperform' rating on Tanger Factory Outlet (NYSE:SKT) and raises the price target from $18.5 to $20.
August 22, 2023 | 1:49 pm
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Tanger Factory Outlet's price target has been raised from $18.5 to $20 by B of A Securities, though the 'Underperform' rating is maintained.
The news directly pertains to Tanger Factory Outlet (SKT). While the raised price target could be seen as a positive signal, the maintained 'Underperform' rating suggests that the analyst still expects the stock to underperform. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100