Truist analyst Ki Bin Kim raised the firm’s price target on Simon Property (SPG) to $168 from $158 and keeps a Hold rating on the shares as part of a broader research note on REITs. The firm is updating its model to reflect Q3 results, recent events, and adjusted revenue growth and expense assumptions, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPG:
- Simon Property Group (NYSE:SPG) Gains as the Mall Comes Back
- Simon Property price target raised to $182 from $158 at Mizuho
- Simon Property reports 6.4% portfolio traffic increase over Black Friday weekend
- Simon Property price target raised to $175.50 from $164.50 at Stifel
- Simon Property price target raised to $185 from $169 at Scotiabank