Barclays raised its price target on Simon Property Group to $213 from $212 while maintaining an Equal Weight rating, as part of a second-quarter earnings preview for REITs. The new target still implies a 6% downside from current levels. Earlier on June 18, Scotiabank increased its price target on the company by $14 and reaffirmed a Sector Perform rating. Simon Property Group recently raised its full-year 2026 real estate FFO guidance to a range of $13.10 to $13.25 per share, up from a prior forecast of $13 to $13.25 per share.
Simon Property Group IncBarclays raised price target to $213 but maintains Equal Weight rating, implying 6% downside; Scotiabank also raised target; FFO guidance slightly raised.