Simon Property Group (SPG - Get Report) , an owner, developer, and manager of retail real estate, was upgraded this morning at Mizuho to "Buy" from "Neutral" with a $178 price target.

"We view SPG as a global powerhouse with a history of prudent and opportunistic capital allocation, warranting a premium to peers," Mizuho analyst Haendel St. Juste noted.

St Juste also views Simon Property's "fortress" balance sheet as a "key differentiator" that will allow it to take advantage of future opportunities.

Shares of the Indianapolis-based firm were climbing higher during early morning trading on Tuesday.

Retail's downturn giving you the blues? Jim Cramer has a list of retailers that are currently oversold, giving investors a leg up one of the market's most volatile sectors.