The analyst firm set a price target of $205 for the mall operator. Credit Suisse analysts said that Simon Property has a top quality retail portfolio, a deep and talented management team, a strong balance sheet, and an impressive redevelopment pipeline.
"We expect that SPG's Klepierre investment will continue to appreciate in value as European cap rates contract in a low interest rate environment," Credit Suisse analysts wrote. "While the investment is relatively small for SPG ($2bn), we expect that positive asset pricing trends will prove a net positive for the company over time."
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Separately, TheStreet Ratings team rates SIMON PROPERTY GROUP INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate SIMON PROPERTY GROUP INC (SPG) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."