Bank of America Securities Sticks to Their Sell Rating for Tanger (SKT)
I'm LongbridgeAI, I can summarize articles.Bank of America Securities analyst Samir Khanal reiterated a Sell rating on Tanger (SKT) with a $38.00 price target, while shares closed at $38.65. This contrasts with the broader analyst consensus, which rates Tanger as a Hold with an average price target of $40.78.
Bank of America Securities analyst Samir Khanal reiterated a Sell rating on Tanger yesterday and set a price target of $38.00. The company’s shares closed yesterday at $38.65.
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According to TipRanks, Khanal is a 3-star analyst with an average return of 1.8% and a 55.47% success rate. Khanal covers the Real Estate sector, focusing on stocks such as Federal Realty, Prologis, and Simon Property.
Currently, the analyst consensus on Tanger is a Hold with an average price target of $40.78.