UPDATE: MLV & Co Reiterates Hold Rating, Raises PT on Simon Property Group on Adjusted Estimates

In a report published Tuesday, MLV & Co analyst Paul Morgan reiterated a Hold rating on

, 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.