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Fly News Breaks for February 5, 2020
TCO, SPG
Feb 5, 2020 | 07:20 EDT
BMO Capital analyst Jeremy Metz lowered his price target on Simon Property (SPG) to $147 and kept his Market Perform rating after its in-line Q4 results and below-consensus FY20 guidance. The analyst notes that the company's expected net operating income outlook is "muted" with 1% growth, though "better than feared". Metz also assigns "limited near term probability" regarding the recent speculation on its merger talks with Taubman (TCO) given the current share prices and history of the companies..
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