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Simon Property initiated with a Hold at Deutsche Bank
The Fly

Simon Property initiated with a Hold at Deutsche Bank

Deutsche Bank initiated coverage of Simon Property (SPG) with a Hold rating and $195 price target The firm has a neutral view on the mall real estate investment trust sector in the near-term. While “healthy” retail fundamentals are a tailwind for the group, Deutsche Bank remains concerned about the potential negative impact of the macro environment on “currently elevated valuation levels,” the analyst tells investors in a research note.

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