In a report released today, Omotayo Okusanya from Jefferies reiterated a Sell rating on CBL and Associates (CBL), with a price target of $2. The company’s shares opened today at $2.71, close to its 52-week low of $2.59.
According to TipRanks.com, Okusanya is a 5-star analyst with an average return of 7.4% and a 59.7% success rate. Okusanya covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Retail Properties of America Inc, and Senior Housing Properties Trust.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for CBL and Associates with a $3 average price target.
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The company has a one-year high of $6.26 and a one-year low of $2.59. Currently, CBL and Associates has an average volume of 3.73M.
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CBL & Associates Properties, Inc. is a real estate investment trust, which owns and operates retail properties. The firm engages in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. It operates through Malls and All Other segments.
