Tanger Factory price target raised to $31 from $29 at Compass Point
The Fly

Tanger Factory price target raised to $31 from $29 at Compass Point

Compass Point raised the firm’s price target on Tanger Factory to $31 from $29 and keeps a Neutral rating on the shares as the firm is raising its 2024 and 2025 estimates based on the company’s “solid reported results” and initial 2024 guidance. The firm cites the company’s high relative valuation to sector peers, despite its portfolio having significantly lower tenant sales productivity, for its Neutral rating.

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