Brokerage Firm Rating Update on CBL & Associates Properties (CBL)

CBL & Associates Properties (CBL) : Zacks Investment Research ranks CBL & Associates Properties (CBL) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.61, which indicates as a Hold.

CBL & Associates Properties (CBL) : Currently there are 9 street experts covering CBL & Associates Properties (CBL) stock. The most bullish and bearish price target for the stock is $18 and $9 respectively for the short term. The average price target of all the analysts comes to $14. The estimated standard deviation from the target is $2.8.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Barclays maintains its rating on CBL & Associates Properties (NYSE:CBL).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Barclays raises the new price target from $12 per share to $14 per share. The rating by the firm was issued on August 30, 2016.

CBL & Associates Properties (NYSE:CBL): The stock opened at $14.01 and touched an intraday high of $14.29 on Wednesday. During the day, the stock corrected to an intraday low of $13.84, however, the bulls stepped in and pushed the price higher to close in the green at $14.29 with a gain of 2.07% for the day. The total traded volume for the day was 3,146,542. The stock had closed at $14 in the previous trading session.

CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, outlet centers, associated centers, community centers and office properties. Its properties are located in 27 states, but are primarily in the southeastern and midwestern United States. It is the 100% owner of two qualified REIT subsidiaries, CBL Holdings I, Inc. and CBL Holdings II, Inc. As of December 31, 2014, the Company owned a controlling interest in 72 Malls and non-controlling interests in 9 Malls; a controlling interest in 25 Associated Centers and a non-controlling interest in four Associated Centers; a controlling interest in six Community Centers and a non-controlling interest in five Community Centers, and a controlling interest in eight Office Buildings and a non-controlling interest in five Office Buildings.

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