Simon Property price target raised to $145 from $130 at Piper Sandler

Piper Sandler analyst Alexander Goldfarb raised the firm’s price target on Simon Property to $145 from $130 and keeps an Overweight rating on the shares. The analyst thinks the company will offer comfort to small and large cap investors driven by its steady funds from operations and dividend growth. Its certainty of earnings becomes more important along with the ability to keep pace on the dividend to reward investors in this environment, Goldfarb tells investors in a research note.