Deutsche Bank Raises PT of Simon Property Group to $121 (SPG)

Deutsche Bank is optimistic about Simon Property Group's (NYSE: SPG) reported Q4 results.

“SPG's 4Q results showed continued signs of core improvement, reinforcing our positive view on mall fundamentals. The company's initial 2011 outlook also met our expectation,” Deutsche Bank notes. The report also adds, “SPG's disciplined approach to capital deployment as a key positive. With a ~19% expected total return and no change to our positive outlook, we maintain our Buy rating.”

Deutsche Bank increased the price target to $121 from $114. It also maintained its Buy Rating.

Simon Property Group is currently trading up $0.28 from Monday's close of $105.03.