Stifel Downgrades Simon Property Group to Hold, Raises Price Target to $159
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Simon Yarmak has downgraded Simon Property Group (NYSE:SPG) from Buy to Hold, while slightly raising the price target from $157.5 to $159.
September 12, 2024 | 10:49 am
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Stifel analyst Simon Yarmak downgraded Simon Property Group from Buy to Hold, indicating a more cautious outlook. However, the price target was slightly increased to $159, suggesting some positive expectations.
The downgrade from Buy to Hold suggests a less optimistic view on SPG's short-term performance, which could lead to neutral or slightly negative sentiment among investors. However, the raised price target to $159 indicates some underlying positive expectations, balancing the overall impact.
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