Simon Property Group shares are trading lower after the company reported a year-over-year decrease in Q2 EPS results. Additionally, Evercore ISI Group downgraded the stock from Outperform to In-Line and lowered its price target from $131 to $129.
Portfolio Pulse from Benzinga Newsdesk
Simon Property Group reported a year-over-year decrease in Q2 EPS results, leading to a drop in its share price. Evercore ISI Group downgraded the stock from Outperform to In-Line and lowered its price target from $131 to $129.
August 04, 2023 | 1:45 pm
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Simon Property Group's Q2 EPS results decreased YoY, leading to a downgrade by Evercore ISI Group and a lowered price target. This has negatively impacted the stock price.
The decrease in Q2 EPS results indicates a weaker financial performance by Simon Property Group, which has led to a downgrade by Evercore ISI Group. This, coupled with a lowered price target, has resulted in a negative impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100