Jefferies Downgrades CBL & Associates (CBL) to Hold on Weak Outlook
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Price: $50.37 +1.55%
Rating Summary:
2 Buy, 10 Hold, 9 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 13 | New: 23
Rating Summary:
2 Buy, 10 Hold, 9 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 13 | New: 23
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Jefferies downgraded CBL & Associates (NYSE: CBL) from Buy to Hold with a price target of $5.00 (from $11.00).
Analyst Omotayo Okusanya says the outlook for the company is deteriorating faster than previously expected noting "everything the market feared came true in 3Q17."
For an analyst ratings summary and ratings history on CBL & Associates click here. For more ratings news on CBL & Associates click here.
Shares of CBL & Associates closed at $5.92 yesterday.
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