UPDATE: Morgan Stanley Removes PT on Simon Property Group Following Announcement of Spin-Off Plans
December 16, 2013 at 10:18 AM EST
In a report published Monday, Morgan Stanley analyst Haendel E. St. Juste reiterated an Overweight rating on Simon Property Group (NYSE: SPG ), but removed the $186.00 price target. In the report, Morgan Stanley noted, “We have been proponents of a spin-off for some time and recently upgraded SPG based