UPDATE: BMO Capital Markets Initiates General Growth Properties with Outperform on Multiple Positive Factors

In a report published Thursday, BMO Capital Markets analyst Joshua M. Patinkin initiated coverage on General Growth Properties (NYSE: GGP ) with an Outperform rating and $24.00 price target. In the report, Patinkin noted, “We're initiating coverage of General Growth Properties, a major owner of class ‘A' malls in the