SITE Centers: Analysts Trim Price Target to $8 Following Asset Sales and Special Dividends

SITE Centers Corp. has been upgraded to a Neutral rating by Citi after Q3 results. The price target has been lowered to $8 from $8.82, reflecting asset sales, special dividends, and a revised net asset value estimate. Analysts see management actively reshaping the portfolio and returning capital, but a cautious view on the remaining portfolio's potential.