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Taubman Centers (NYSE:TCO) was upgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $91.00 price target on the stock. Morgan Stanley’s price objective would suggest a potential upside of 21.90% from the stock’s previous close. The analysts noted that the move was a valuation call.

In other Taubman Centers news, CFO Lisa A. Payne sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $73.22, for a total transaction of $292,880.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Taubman Centers (NYSE:TCO) opened at 74.65 on Friday. Taubman Centers has a 52-week low of $61.43 and a 52-week high of $77.40. The stock’s 50-day moving average is $75.43 and its 200-day moving average is $72.. The company has a market cap of $4.727 billion and a price-to-earnings ratio of 10.55.

Taubman Centers (NYSE:TCO) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.05. The company had revenue of $170.00 million for the quarter, compared to the consensus estimate of $168.14 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, analysts predict that Taubman Centers will post $3.65 earnings per share for the current fiscal year.

TCO has been the subject of a number of other recent research reports. Analysts at Deutsche Bank cut their price target on shares of Taubman Centers from $79.00 to $77.00 in a research note on Tuesday, August 5th. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Taubman Centers from $77.00 to $79.00 in a research note on Thursday, June 19th. They now have an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Taubman Centers has an average rating of “Hold” and a consensus price target of $76.50.

Taubman Centers, Inc (NYSE:TCO) operates as a self-administered and self-managed real estate investment trust (REIT).

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