A Closer Look at 5 Analyst Recommendations For Simon Property Group
Portfolio Pulse from Benzinga Insights
Simon Property Group (NYSE:SPG) has been analyzed by 5 analysts in the last three months, revealing a range of perspectives from bullish to bearish. The average 12-month price target has increased to $148.2, with a high estimate of $152.00 and a low estimate of $145.00. Recent analyst actions include raising price targets and maintaining or raising ratings. SPG's financial performance shows strong net margins and return on equity, but challenges in debt management.
May 16, 2024 | 4:00 pm
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Simon Property Group has received mixed analyst ratings, with an average 12-month price target of $148.2. Analysts have raised their price targets recently, reflecting a positive outlook. However, the company faces challenges with high debt levels despite strong financial performance.
The increase in average price target and recent positive adjustments by analysts suggest a short-term positive impact on SPG's stock price. However, the high debt levels may temper some of the optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100