Simon Property Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Earnings Results - Simon Property Group, Inc. is set to release its first-quarter earnings results on May 12, with analysts expecting earnings of $1.36 per share, an increase from $0.84 per share in the same period last year [1] - The company is projected to report quarterly revenue of $1.34 billion, down from $1.44 billion a year earlier [1] Stock Performance - Simon Property shares closed at $163.19, reflecting a gain of 0.1% [2] Analyst Ratings - Deutsche Bank initiated coverage with a Hold rating and a price target of $195 [8] - Evercore ISI upgraded the stock from In-Line to Outperform, raising the price target from $160 to $172 [8] - Stifel downgraded the stock from Buy to Hold, increasing the price target from $157.5 to $159 [8] - Truist Securities maintained a Hold rating and raised the price target from $147 to $158 [8] - Argus Research maintained a Buy rating and increased the price target from $157 to $168 [8] Management Changes - On March 20, Simon Property Group announced the retirement of Independent Director Allan B. Hubbard [1]