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UPDATE: MLV & Co Reiterates On Simon Property Group On Adjusted Estimates

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In a report published Tuesday, MLV & Co analyst Paul Morgan reiterated a Hold rating on Simon Property Group (NYSE: SPG), and raised the price target from $178.00 to $186.00.

In the report, MLV & Co noted, “Following Simon Property's 2Q14 report, we are raising our price target to $186 from $178, based on rolling forward our NOI forecasts by one quarter, and incorporating higher estimates that are reflected in our new 2014 and 2015 FFO per share estimates of $9.23 (up 5c) and $9.64 (up 8c).”

Simon Property Group closed on Monday at $170.47.

Latest Ratings for SPG

DateFirmActionFromTo
Apr 2016Mizuho SecuritiesInitiates Coverage onBuy
Apr 2016CitigroupMaintainsBuy
Mar 2016Stifel NicolausMaintainsBuy

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Posted-In: MLV & Co Paul MorganAnalyst Color Price Target Analyst Ratings

 

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