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General Growth Properties, Inc. (GGP) [hlAlert]

Rating:
Mkt Perform
GGP
down 90.33 %

General Growth Properties, Inc. (GGP) downgraded to Mkt Perform by Wachovia

Posted on: Tuesday,  Apr 7, 2009  8:25 AM ET by Wachovia

Wachovia rated Mkt Perform General Growth Properties, Inc. (NYSE: GGP) on 04/07/2009. Previously Wachovia rated Outperform General Growth Properties, Inc. (NYSE: GGP)
on 10/03/2008., when the stock price was $10.86. Since then, General Growth Properties, Inc. has lost 90.33% as of 04/07/2009's recent price of $1.05.
If you would have followed the previous Wachovia's recommendation on GGP, you would have lost 90.33% of your investment in 186 days.

General Growth Properties is one of the oldest and most experienced shopping center owners, developers and managers in the United States. It has ownership interests in, and management responsibilities for, a portfolio of regional shopping malls in numerous states. (Company Press Release)

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/7/2009 8:25 AM Hold
None
1.05
as of 12/24/2008
1 Week up  156.09 %
1 Month up  64.06 %
3 Months down  -90.33 %
1 YTD down  -90.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/3/2008 9:25 AM Buy
None
10.86

(*) Stock Price at the time of the recommendation.
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