Piper Sandler’s analyst, Alexander Goldfarb upgraded Taubman Centers to Neutral from Underweight. The analyst hiked the target on the stock to $43 from $20. The upgrade and target increase is a result of the merger between the company and Simon Property(SPG:NYE), with a price of $43 per share which is an adjustment from the previous $52.50. The family is still set to retain a 20 percent ownership in the new company.
STA Research has a average target of $35 on the stock and a consensus Hold rating. The technical indicator is currently neutral.
