Citi lowered the firm’s price target on Site Centers (SITC) to $16 from $18 and keeps a Neutral rating on the shares. The firm updated its model for Site Centers to reflect Q3 results, increased disposition activity, and the removal of any acquisitions. Citi noted that its lowered price target reflects the decrease in its net asset value estimate of $15.51, down form $21.35.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SITC: