Market Overview

J.P. Morgan Reiterates Overweight Rating, $178 PT on Simon Property Group

Share:
Related SPG
8 Biggest Price Target Changes For Friday
Don't Get Burned By The 'Death Of The Mall' Trade
Brookfield Asset Management Inc. Buys Brookfield Business Partners LP, Enbridge, Kilroy Realty, ... (GuruFocus)

In a report published Monday, J.P. Morgan & Co. reiterated its Overweight rating and $178.00 price target on Simon Property Group (NYSE: SPG).

J.P. Morgan noted, “We are updating our model and estimates to account for the $1.25 million of senior notes that were issued as well as the announced 50/50 joint venture with Tanger Factory Outlets (SKT - N) to develop two outlet centers in the United States. As a result, we are maintaining our 2012 and 2013 FFO estimates of $7.87/share and $8.42/share, respectively and we are increasing our 2014 FFO estimate by $0.02/share to $8.97.”

Simon Property Group closed on Friday at $156.02.

Latest Ratings for SPG

DateFirmActionFromTo
Mar 2017Goldman SachsDowngradesBuyNeutral
Jan 2017SunTrust Robinson HumphreyDowngradesBuyHold
Aug 2016BTIG ResearchInitiates Coverage onBuy

View More Analyst Ratings for SPG
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Reiteration Analyst Ratings

 

Related Articles (SPG)

View Comments and Join the Discussion!