Evercore ISI upgrades Simon Property Group as focus turns to mall reopenings

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Customers ascend and descend escalators on the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail purchasing area, in King of Prussia, Pennsylvania.

Mark Makela | Reuters

Buyers ought to guess on Simon Property Group because the reopening image turns into extra clear, Evercore ISI mentioned.

The agency on Monday upgraded the mall operator to outperform from in line, saying it expects a optimistic response to the corporate’s upcoming earnings report. Simon is scheduled to launch its first-quarter outcomes on Might 10.