Simon Property gain after Evercore upgrades to 'outperform', raises PT

Simon Property

16/09/2024 18:05

** Shares of Simon Property Group  SPG.N  up 1.4% to $166.4
    ** Evercore ISI upgrades stock to "outperform" from "in
line", raises PT to $172 from $160
    ** With interest rates expected to come down over the next
12 to 18 months, the stock continues to draw interest due to its
attractive valuation compared to its peers - brokerage
    ** Five of 18 brokerages rate the stock "buy" or higher, 13
"hold"; their median PT is $164- LSEG
    ** SPG has risen 16.3% YTD

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))