BTIG Reiterates Buy Rating on Simon Property Group (SPG) Following Complaint Filed Against Taubman (TCO)

Simon Property Group (SPG) PT Raised to $100 at Deutsche Bank

Deutsche Bank analyst Derek Johnson raised the price target on Simon Property Group (NYSE: SPG) to $100.00 (from $97.00) while maintaining a Buy rating.... More

Raymond James Downgrades Simon Property Group (SPG) to Market Perform

Raymond James analyst Collin Mings downgraded Simon Property Group (NYSE: SPG) from Outperform to Market Perform.

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 $75.76 yesterday.

Simon Property Group (SPG) PT Raised to $70 at Stifel, Following Merger Termination Announcement

Stifel analyst Simon Yarmak raised the price target on Simon Property Group (NYSE: SPG) to $70.00 (from $60.00) while maintaining a Hold rating.

Taubman Centers (TCO) believes that Simons (SPG) purported termination of the Merger Agreement is invalid and without merit

Taubman Centers, Inc. (NYSE: TCO) confirmed that Simon Property Group, Inc. (NYSE: SPG) has today delivered a notice purporting to terminate the previously announced Agreement and Plan of Merger among Simon, Taubman, The Taubman Realty Group Limited Partnership... More

UPDATE: Piper Sandler Downgrades Taubman Centers (TCO) to Underweight, Following Merger Termination

(Updated - June 10, 2020 11:50 AM EDT)

(Updated to add court news)

Piper Sandler analyst Alexander D. Goldfarb downgraded Taubman Centers (NYSE: TCO) from Overweight to Underweight.

As a reminder, Simon Property Group, Inc. (NYSE: SPG) announced earlier today that it has exercised its contractual rights to terminate its February 9, 2020 merger... More

Simon Property Group (SPG) June IV at 83 after terminates merger pact with Taubman Centers (TCO)

Simon Property Group (NYSE: SPG) June call option implied volatility is at 83, July is at 75; compared to its 52-week range of 17 to 154 after Simon Property terminates merger pact with Taubman Centers (TCO

Mall operator Simon Property abandons $3.6 billion acquisition of Taubman

By Jessica DiNapoli

(Reuters) - Simon Property Group Inc (NYSE: SPG), the biggest U.S. mall operator, said on Wednesday it was ending its $3.6-billion deal to buy Taubman Centers Inc (NYSE: TCO), citing the beating the retail sector has taken during the COVID-19 pandemic.

Simon Property said that the coronavirus outbreak "disproportionately hurt" Taubman's malls because they are located in densely... More

Pre-Open Stock Movers 06/10: (LAKE) (TRUE) (FIVE) Higher; (TCO) (HTZ) (GES) Lower (more...)

Today's Pre-Open Stock Movers:

Lakeland Industries (NASDAQ: LAKE) 48% HIGHER; reported Q1 EPS of $1.08, versus ($0.06) reported last year. Revenue for the quarter came in at $45.6 million, versus $24.7 million reported last year.

Taubman Centers, Inc. (NYSE: TCO) 35% LOWER; Simon... More

Simon Property Group (SPG) Terminates Taubman (TCO) Agreement

Simon Property Group, Inc. (NYSE: SPG) today announced that it has exercised its contractual rights to terminate its February 9, 2020 merger agreement with Taubman Centers, Inc. (NYSE: TCO). Simon also filed an action today in the Circuit Court for the 6th Judicial Circuit of Oakland County, Michigan against Taubman Centers, Inc. and The Taubman Realty Group Limited Partnership... More