Tanger price target raised to $37 from $36 at Scotiabank

Scotiabank raised the firm’s price target on Tanger (SKT) to $37 from $36 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for U.S. Retail REITs under its coverage, the analyst tells investors. Earnings for Q1 resulted in modest FY guidance raises for much of the group and same store net operating income growth trended ahead of FY guidance, the firm adds.