Monday, Credit Suisse initiated coverage of Taubman Centers Inc. (TCO) stock with a Neutral rating and a price target of $36.
Analyst Rosivach noted that there are many reasons to appreciate TCO, including its strong platform of high productivity malls, average specialty sales of $497 a foot, and its growth strategy of developing in Asia. The analyst believes the company has built a brand with luxury retailers as an irreplaceable landlord.
However, the analyst is concerned about near-term headwinds, namely filling temporary tenant space after Christmas, a weakening environment for lease signings in 2010, and lower lease termination fees next year. The company has highlighted these among other negative headwinds, and a few positive ones, that the analyst believes will temper enthusiasm for the stock until 2011.
Currently, TCO is up $0.27 or 0.77% and trading at $35.27.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.