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BMO Capital Markets Corp. initiates coverage of GGP Inc. at 'market perform'

BMOCapital Markets Corp. analyst Jeremy Metz initiated coverage ofGGP Inc. with a ratingof "market perform," and a price target of $22.

The analyst wrote in a research report: "We like GGP'srelative positioning in an evolving retail landscape, strong management team,and aggressive anchor box recapture strategy. However, absent M&A, we thinkmeaningful share gains through the holidays could be challenging given thepotential for continued negative news flow and the retail market stuck in 'grindit out' mode."