JP Morgan Upgrades Tanger Factory Outlet to Neutral, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Mueller has upgraded Tanger Factory Outlet (NYSE:SKT) from Underweight to Neutral and raised the price target from $24 to $25.
October 12, 2023 | 9:29 am
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Tanger Factory Outlet has been upgraded from Underweight to Neutral by JP Morgan, with a raised price target from $24 to $25.
The upgrade from Underweight to Neutral by JP Morgan indicates a more positive outlook for Tanger Factory Outlet. The raised price target from $24 to $25 suggests that the analyst sees potential for the stock's price to increase. This could potentially lead to a short-term positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100