Truist raised the firm’s price target on Simon Property (SPG) to $181 from $169 and keeps a Hold rating on the shares. The firm is boosting its FY26 FFO view by 1.6% as the REIT achieves favorable portfolio trends despite the broader economic slowdown suggested in national employment data released this week, the analyst tells investors in a research note. The company also continues to take advantage of its relatively attractive cost of capital to fund accretive investments, the firm added.
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