By: Benzinga
UPDATE: Jefferies Reiterates Simon Property Group at Buy Following Earnings Beat
Jefferies maintained its Buy rating and $181.00 price target on Simon Property Group (NYSE: SPG ). Jefferies noted, "The earnings beat & strong operating results are a positive, but 2013 guidance suggests just 6% YoY FFO/sh growth. Investors may be unimpressed unless guidance once again proves to be conservative.
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