Mizuho lowered the firm’s price target on Simon Property to $116 from $130 and keeps a Neutral rating on the shares post the Q4 results. The analyst remains cautious on the broader real estate investment trust space given its high exposure to discretionary retail, a likely deceleration in rent spreads, and a weaker consumer.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SPG: