Jefferies analyst Omotayo Okusanya reiterated a Hold rating on Taubman Centers (TCO) yesterday and set a price target of $55. The company’s shares opened today at $53.06.
According to TipRanks.com, Okusanya is a 5-star analyst with an average return of 7.8% and a 64.0% success rate. Okusanya covers the Financial sector, focusing on stocks such as Apartment Investment & Management, National Storage Affiliates Trust, and Retail Properties of America Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Taubman Centers with a $58.60 average price target, implying a 10.4% upside from current levels. In a report issued on February 19, Evercore ISI also upgraded the stock to Hold.
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The company has a one-year high of $65.50 and a one-year low of $43.44. Currently, Taubman Centers has an average volume of 510.9K.
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Taubman Centers, Inc. operates as a real estate investment trust. Its engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of regional shopping centers. The company was founded by A. Alfred Taubman in 1950 and is headquartered in Bloomfield Hills, MI.
