Goldman Sachs Maintains Buy on Simon Property Group, Raises Price Target to $161
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Caitlin Burrows has reaffirmed a Buy rating on Simon Property Group (NYSE:SPG) and increased the price target from $144 to $161.
December 21, 2023 | 2:25 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Simon Property Group and raises the price target to $161, indicating a positive outlook on the stock.
The increase in price target by a reputable investment bank like Goldman Sachs typically signals a strong conviction in the company's future performance. This endorsement can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100