Evercore ISI Group Downgrades Simon Property Group to In-Line, Lowers Price Target to $129
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Steve Sakwa has downgraded Simon Property Group (NYSE:SPG) from Outperform to In-Line and lowered the price target from $131 to $129.
August 04, 2023 | 12:53 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Simon Property Group has been downgraded from Outperform to In-Line by Evercore ISI Group, with a lowered price target of $129.
The downgrade from Outperform to In-Line suggests that the analyst believes the stock will perform approximately as well as other companies in the market. The lowered price target could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100