Piper Sandler Reaffirms Their Buy Rating on Simon Property (SPG)
In a report released yesterday, Alexander Goldfarb from Piper Sandler reiterated a Buy rating on Simon Property, with a price target of $230.00.
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Goldfarb covers the Real Estate sector, focusing on stocks such as Equity Residential, BXP, and Vornado Realty. According to TipRanks, Goldfarb has an average return of 1.9% and a 47.73% success rate on recommended stocks.
In addition to Piper Sandler, Simon Property also received a Buy from Goldman Sachs’s Caitlin Burrows in a report issued on June 4. However, on June 1, J.P. Morgan assigned a Hold rating to Simon Property (NYSE: SPG).
Based on Simon Property’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.76 billion and a net profit of $480.4 million. In comparison, last year the company earned a revenue of $1.47 billion and had a net profit of $414.53 million
Read More on SPG:
Disclaimer & DisclosureReport an Issue
- The Week That Was, The Week Ahead: Macro and Markets, June 7
- Simon Property: Buy Rating Reaffirmed as Leasing Momentum and Luxury Expansion Support Outlook; $229 Price Target Maintained
- Simon Property price target raised to $217 from $210 at JPMorgan
- Simon Property price target raised to $206 from $192 at Scotiabank
- Simon Property price target raised to $212 from $201 at Barclays
