Goldman Sachs resumed coverage of Simon Property with a Buy rating and $150 price target. The firm expects Simon’s occupancy and rental rates to increase as a result of continued store openings, especially in high quality properties, the analyst tells investors. Goldman estimates an average of 2.6% FFO growth per year over 2023-2025, inline with its Retail REIT average estimate.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SPG:
- Simon Property price target lowered to $116 from $130 at Mizuho
- Simon Property price target raised to $130 from $125 at Truist
- Simon® Reports Fourth Quarter and Full Year 2022 Results
- Simon Property reports Q4 FFO $3.15, consensus $3.14
- Simon Property options imply 3.2% move in share price post-earnings
