UPDATE: Bank of America Upgrades General Growth Properties on Valuation, Strong Growth Trends
November 01, 2013 at 09:15 AM EDT
In a report published Friday, Bank of America analyst Craig Schmidt upgraded the rating on General Growth Properties (NYSE: GGP ) from Neutral to Buy, and raised the price target from $22.50 to $25.00. In the report, Bank of America noted, “We upgrade General Growth Properties (GGP) to Buy from