Simon Property price target raised to $186 from $185 at Scotiabank

Scotiabank raised the firm’s price target on Simon Property (SPG) to $186 from $185 and keeps a Sector Perform rating on the shares. The firm is providing updated thoughts on the recent NYC Office sale comparables and commercial mortgage-backed securities, CMBS, issuance, which has led to changes to the ratings of the U.S. Real Estate & REITs in its coverage, the analyst tells investors.