JPMorgan analyst Michael Mueller upgraded Tanger Factory to Overweight from Neutral with a price target of $29, up from $27. The firm, which is making eleven ratings changes in conjunction with its 2024 REITs and Real Estate Services Outlook, says the company continues to produce strong occupancy gains and rent spreads and that external growth has started to become part of the story again more recently.
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Read More on SKT:
- Tanger Factory files automatic mixed securities shelf
- Tanger Factory acquires open-air lifestyle center in Huntsville, Alabama
- Tanger Factory Chairman Steven Tanger sells $1.6M in company shares
- Tanger Factory price target raised to $23 from $22 at Evercore ISI
- Tanger Factory announces acquisition of Asheville Outlets in Asheville, NC
