CBL & Associates Properties (CBL) : Analyst Rating Update

CBL & Associates Properties (CBL) : 2 brokerage houses believe that CBL & Associates Properties (CBL) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CBL & Associates Properties (CBL). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 2.95.

CBL & Associates Properties (CBL) : Average target price received by CBL & Associates Properties (CBL) is $12.5 with an expected standard deviation of $3.51. The most aggressive target on the stock is $18, whereas the most downbeat target is $9. 9 financial analysts are currently covering the stock.

CBL & Associates Properties (NYSE:CBL): The stock was completely flat for the day, closing at $9.74 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $9.70, the stock touched an intraday high of $9.80 and a low of $9.62. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $9.74. The total trading volume on Wednesday was 5,139,703.

Also, Major Brokerage house, Goldman Sachs maintains its ratings on CBL & Associates Properties (NYSE:CBL). In the latest research report, Goldman Sachs lowers the target price from $12 per share to $10.5 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 2, 2016. The company shares have dropped -40.10% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $16.61 and the one year low was seen on Jun 28, 2016. The 50-Day Moving Average price is $9.80 and the 200 Day Moving Average price is recorded at $11.12.

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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