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General Growth Properties (GGP +1.6%) is upgraded to Buy from Neutral at UBS, with a $20 target...
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Thursday, May 10, 2012, 2:16 PM ETGeneral Growth Properties (GGP +1.6%) is upgraded to Buy from Neutral at UBS, with a $20 target price up from $17, following solid Q1 results. After the Rouse spinoff and through continued dispositions of non-core assets, the firm thinks GGP is "successfully transforming into one of the leading Class A mall REITs," expecting the perception to be reflected in the valuation over time.
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