Site Centers price target raised to $18 from $16 at Piper Sandler

Piper Sandler analyst Alexander Goldfarb raised the firm’s price target on Site Centers to $18 from $16 and keeps an Overweight rating on the shares. Management’s full throttle transition to CURB remains on track, with investors benefiting from the improved capital position Site Centers will have post-spin, while CURB’s convenience assets show faster, lower cost growth, the firm says.