Piper Sandler lowered the firm’s price target on Site Centers (SITC) to $5.50 from $6.50 and keeps a Neutral rating on the shares. The firm is updating estimates ahead of earnings. Model revisions are driven by recent capital market transactions and assumption adjustments, Piper adds.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SITC:
- SITE Centers Divests Chicago Property in Capital Recycling Move
- Site Centers sells shopping center in Chicago for $50.1M
- Site Centers sells FlatAcres MarketCenter for $24.4M
- Site Centers downgraded to Neutral from Overweight at Piper Sandler
- Piper downgrades Site Centers with stock value matching terminal value