Goldman Sachs analyst added Simon Property to the firm’s Conviction List and keeps a Buy rating on the shares with a $144 price target. The company is favorably positioned in a post-pandemic retail environment where its retailer customers are now looking to expand store footprints in response to consumers who are seeking experience-based consumption options, the analyst tells investors in a research note.
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Read More on SPG:
- Simon Property price target lowered to $130 from $139 at Stifel
- Simon® Reports Third Quarter 2023 Results and Increases Full Year 2023 Guidance
- Simon Property raises FY23 FFO view to $12.15-$12.25 from $11.85-$11.95
- Simon Property reports Q3 FFO $3.20 with items, consensus $2.98
- Simon Property options imply 3.3% move in share price post-earnings
