Mizuho Securities Reaffirms Their Hold Rating on Taubman Centers (TCO)
Mizuho Securities analyst Haendel St. Juste reiterated a Hold rating on Taubman Centers (TCO) on November 30 and set a price target of $55. The company’s shares opened today at $53.46.
According to TipRanks.com, Juste is a 2-star analyst with an average return of -0.3% and a 48.5% success rate. Juste covers the Financial sector, focusing on stocks such as Spirit Realty Capital, Invitation Homes Inc, and CBL and Associates.
Currently, the analyst consensus on Taubman Centers is a Hold with an average price target of $57.75, which is an 8.0% upside from current levels. In a report issued on November 26, Morgan Stanley also upgraded the stock to Hold with a $50 price target.
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The company has a one-year high of $66.61 and a one-year low of $49.84. Currently, Taubman Centers has an average volume of 515.3K.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TCO in relation to earlier this year.
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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.