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Simon Property price target lowered to $129.50 from $135 at Stifel

Stifel lowered the firm’s price target on Simon Property to $129.50 from $135 and keeps a Buy rating on the shares after the company’s Q1 report, which included normalized FFO per share below the firm’s and the Street estimate. Following last night’s report, Stifel is adjusting 2023 and 2024 estimates and introducing its 2025 estimates.

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