As previously reported, Compass Point analyst Floris van Dijkum upgraded Tanger Factory to Buy from Neutral with a price target of $26, up from $21. While the firm continues to believe that Tanger's mall peers offer higher relative upside at current prices, it will "concede" that Tanger shares are "likely to trend higher based on the continued growth in underlying results." Despite being the best performing stock in the analyst's coverage universe, the valuation "remains undemanding," Compass Point added. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.