In a report released today, Merrill Ross from Boenning & Scattergood maintained a Buy rating on Tanger Factory (SKT), with a price target of $27. The company’s shares opened today at $18.92, close to its 52-week low of $17.93. Ross said: “We maintain our Outperform rating and $27.00 price target, which is based on an […]
Turns out Congressmen make a lot of money… A study found that while the average American’s net worth increased 3.7% per year between 2004-2012, members of Congress averaged 15.4% annual gains. That high level of pay means half the members of Congress are millionaires today… and continue to collect their $174,000 annual salary. Of course […]
Shares of CenturyLink (CTL) plummeted 13% in Thursday’s trading session after the telecommunication company said it would cut its dividend by more than half. While investors — who were certain the dividend would remain intact after management pledges — grew angry and fled the stock in droves, this provides an opportunity for the company to improve its […]