Tanger price target lowered to $33 from $38 at Scotiabank

Scotiabank analyst Greg McGinnis lowered the firm’s price target on Tanger (SKT) to $33 from $38 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on U.S. Retail REITs, taking into consideration the impact of tariffs, analyzing foot traffic, and reviewing tenant bankruptcy risk, the analyst tells investors.