Piper Sandler Downgrades Simon Property Group to Neutral, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Simon Property Group from Overweight to Neutral and reduced its price target from $190 to $175.
September 03, 2024 | 11:52 am
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NEGATIVE IMPACT
Piper Sandler has downgraded Simon Property Group from Overweight to Neutral and reduced its price target from $190 to $175.
The downgrade from Overweight to Neutral by Piper Sandler suggests a less optimistic outlook on Simon Property Group's stock performance. Additionally, the reduction in the price target from $190 to $175 indicates a lower expected valuation, which could lead to a negative short-term impact on SPG's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100