UPDATE: Jefferies Downgrades Tanger Factory Outlet Centers on Moderating Growth, Rising Rates
September 18, 2013 at 09:33 AM EDT
In a report published Wednesday, Jefferies analyst Omotayo Okusanya downgraded the rating on Tanger Factory Outlet Centers (NYSE: SKT ) from Buy to Hold, and lowered the price target from $40.00 to $35.00. In the report, Jefferies noted, “We expect near-term headwinds for the mall and outlet mall segment as