RBC Capital Downgrades Regency Centers (REG) to Outperform

RBC Capital analyst Wes Golladay downgraded Regency Centers (NASDAQ: REG) from Top Pick to Outperform with a price target of $72.00 (from $71.00).

The analyst comments "We continue to like REG, but we have moved from Top Pick to Outperform as development disruption will likely cause a modest overhang in the near-term. REG remains our top idea for retail despite noise from starting larger redevelopments."

For an analyst ratings summary and ratings history on Regency Centers click here. For more ratings news on Regency Centers click here.

Shares of Regency Centers closed at $62.30 yesterday.

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