Stifel raised the firm’s price target on Simon Property (SPG) to $180 from $168.50 and keeps a Buy rating on the shares. Simon reported Q1 FFO per share of $2.67, 17c below the firm’s estimate and 24c below the Street, though the quarter was impacted by 28c of one-time items that were unanticipated and non-recurring, the analyst tells investors.
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