Citigroup Maintains Neutral on Tanger Factory Outlet, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Nicholas Joseph maintains a Neutral rating on Tanger Factory Outlet (NYSE:SKT) and raises the price target from $20 to $24.

August 24, 2023 | 2:50 pm
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Citigroup maintains a Neutral rating on Tanger Factory Outlet and raises the price target from $20 to $24.
The news is directly about Tanger Factory Outlet. Citigroup's decision to maintain a Neutral rating indicates that they do not expect significant changes in the stock's performance. However, the increase in the price target from $20 to $24 suggests that they see potential for the stock's value to increase. This could have a positive impact on the stock's price, but the Neutral rating suggests that this is not guaranteed.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100