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BofA Upgrades Simon Property (SPG) to 'Buy' on Positive Inflection Points and Revival of Redevelopments

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UPDATE: BofA Securities Upgrades Simon Property Group (SPG) to Buy

August 4, 2021 6:51 AM EDT

(Updated - August 4, 2021 6:52 AM EDT)

BofA Securities analyst Craig Schmidt upgraded Simon Property Group (NYSE: SPG) from Neutral to Buy with a price target of $150.00 (from $141.00).

The analyst comments "We raise our PO to $150 from $141 and upgrade SPG to Buy... More