Goldman Discusses CBL & Associates Properties (CBL)

Goldman Sachs has a research report on CBL & Associates Properties CBL after it reported earnings. It has a Buy rating on shares. In a note to clients, Goldman writes, "The results reflect the improving trends in CBL's core mall portfolio and we expect further pressure on rents to soften as occupancy has stabilized. We believe the company should benefit from the ongoing recovery in consumer spending and favorable credit trends. In our view, the positive result should support the stock, which has outperformed the broader market this year. Our estimates and price target are both under review pending the conference call." Shares of CBL gained 39 cents yesterday to close at $16.48, a gain of over 2%.