Truist analyst Michael Lewis raised the firm’s price target on Simon Property (SPG) to $196 from $181 and keeps a Hold rating on the shares. The firm is also raising its 2026 funds from operations estimate by 1.7% and its 2027 estimate by 2.8%, as Simon Property achieves better net operating income than it previously projected, partially offset by higher interest expense. Despite macroeconomic risks, shopper traffic, tenant sales and tenant demand all appear to be trending positively.
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