UPDATE: MLV & Co Reiterates On Simon Property Group On Adjusted Estimates
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
|Sep 2015||Evercore Partners||Maintains||Buy|
|Jun 2015||Credit Suisse||Maintains||Outperform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.