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Tanger initiated with a Market Perform at BMO Capital

Tanger initiated with a Market Perform at BMO Capital

BMO Capital analyst Juan Sanabria initiated coverage of Tanger (SKT) with a Market Perform rating and $36 price target Tanger is one of the largest owners and operators of outlets with a “well positioned balance sheet and respected management,” the analyst tells investors in a research note. The firm remains constructive on the macro environment and sees outlets offering consumers value, but continues to prefer higher-quality demographics, as well as more necessity-based tenancy.

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