Imperial Capital Downgrades Simon Property Group (SPG) to In-Line

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Imperial Capital downgraded Simon Property Group (NYSE: SPG) from Outperform to In-Line with a price target of $160.00 (from $164.00).

"After an Extended Period of Strong Stock Performance, We Have Rising Concerns About the Risks/Impact of Lower Discretionary Spending, Internet Sales, and the Outlet Business; and Overseas Risks," the analyst notes.

For an analyst ratings summary and ratings history on Simon Property Group click here. For more ratings news on Simon Property Group click here.

Shares of Simon Property Group closed at $153.98 yesterday, with a 52 week range of $112.76-$164.17.

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