Stifel analyst Simon Yarmak raised the firm’s price target on Site Centers (SITC) to $65.25 from $65 and keeps a Buy rating on the shares. Last Wednesday, Site Centers announced that Curbline Properties (CURB) had filed its Form 10 with the SEC, which provided some details on the new REIT portfolio as of June 30 and yesterday Curbline provided an intra-quarter update providing some building blocks for the separation, notes the analyst, who has introduced a valuation and estimates for “CURB,” whose spin will be completed post-midnight on October 1.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SITC:
- SITE Centers Announces Spin-Off and Board Restructuring
- Site Centers announces Board of Directors and CFO appointments
- Site Centers provides Q3 transaction and spin-off update
- SITE Centers Executives Transition to Curbline in Spin-Off Strategy
- Site Centers updates on Q3 transaction/financing activity