Mizuho Securities Downgrades Simon Property Group (SPG) to Neutral

Mizuho Securities analyst Haendel St. Juste downgraded Simon Property Group (NYSE: SPG) from Buy to Neutral with a price target of $193.00.

The analyst commented, "We are downgrading SPG to Neutral as we are of the view that current valuation is fair following massive outperformance vs Mall REIT peers since the start of 2018 and given a decelerating earnings profile into 2019; we now have no Buys within our Mall REIT coverage."

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 $183.76 yesterday.

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