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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.