Simon Property price target lowered to $159 from $186 at Scotiabank

Scotiabank lowered the firm’s price target on Simon Property (SPG) to $159 from $186 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on U.S. Retail REITs, taking into consideration the impact of tariffs, analyzing foot traffic, and reviewing tenant bankruptcy risk, the analyst tells investors.