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Fly News Breaks for March 21, 2016
IVZ, SPG
Mar 21, 2016 | 08:48 EDT
Stifel analyst Nathan Isbee raised his price target for Simon Property (SPG) to $232 from $220, following the company's joint venture with Invesco (IVZ) to acquire The Shops at Crystals in Las Vegas for $1.1B. While Simon Property has stated it is out of the large acquisition business, the analyst believes the company will continue to grow its portfolio through one-off acquisitions. Isbee reiterates his Buy rating on Simon Property shares.
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