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Evercore ISI Reaffirms Their Hold Rating on Tanger (SKT)

Tipranks - Thu Feb 26, 9:56AM CST

Evercore ISI analyst Steve Sakwa maintained a Hold rating on Tanger today and set a price target of $36.00.

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Sakwa covers the Real Estate sector, focusing on stocks such as Public Storage, COPT Defense Properties, and Rexford Industrial Realty. According to TipRanks, Sakwa has an average return of -0.3% and a 49.29% success rate on recommended stocks.

In a report released today, Scotiabank also maintained a Hold rating on the stock with a $34.00 price target.

Based on Tanger’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $145.21 million and a net profit of $32.03 million. In comparison, last year the company earned a revenue of $133 million and had a net profit of $24.86 million

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