Citi lowers price target on undervalued stock Simon Property Group

Simon Property Group, Inc. (NYSE:SPG) is considered one of the most undervalued stocks. Citi recently lowered its price target on SPG from $185 to $170, maintaining a Neutral rating. The company adjusted its 2025 FFO estimate downward to $12.21 due to Q1 one-time expenses and investment losses. Citi also revised its 2025 core FFO forecast to $12.49.

The updated price target reflects a valuation multiple of around 14x the expected 2025 core FFO, down from the previous 15x multiple. The compression in multiple is attributed to increased uncertainty surrounding potential tariff impacts and tenant creditworthiness. This adjustment follows Simon’s recent earnings performance and highlights a cautious outlook on the retail property market.

Simon Property Group, Inc. (NYSE:SPG) is a REIT specializing in premier retail and mixed-use properties worldwide. While SPG shows investment potential, certain AI stocks may offer greater upside and less downside risk. For an undervalued AI stock with potential benefits from tariffs and onshoring trend, check out our free report.

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Read more at Yahoo Finance: Citi Maintains Neutral Rating on Simon Property Group (SPG)