BofA raised the firm’s price target on Simon Property (SPG) to $204 from $194 and keeps a Buy rating on the shares. The firm notes the company’s Q4 core results were strong with record leasing and demand for space at dominant retail centers. BofA maintains a positive view on Simon Property based on continued strong underlying core metrics, redevelopment/ densification opportunities at strong returns, 3) acquisition opportunities, and platform initiatives.
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