Scotiabank has revised its price target for Simon Property (SPG, Financial), reducing it from $186 to $159, while maintaining a Sector Perform rating. This adjustment is part of the firm's broader reassessment of U.S. Retail REITs, which includes considerations of tariff impacts, fluctuations in foot traffic, and potential risks related to tenant bankruptcies.
The decision reflects a cautious approach to the retail real estate sector, as analysts evaluate the various factors influencing market dynamics. Despite the lowered price target, the Sector Perform rating indicates an expectation for the stock to perform in line with the market.
