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BMO Capital analyst Juan Sanabria lowered the firm’s price target on Simon Property (SPG) to $180 from $200 and keeps a Market Perform rating on the shares. The firm made changes to its models for a number of REITs due to interest rate changes, recent results, and/or discussions with company management.

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• Simon Property price target lowered to $200 from $205 at Piper Sandler

• Simon Property Group’s Earnings Call: Growth Amid Challenges

• Simon Property Approves Redomestication to Indiana

• Simon Property price target raised to $180 from $168.50 at Stifel

• Stable Outlook for Simon Property Group Amid Modest FFO Shortfall Warrants Hold Rating