Goldman Sachs Maintains Buy on Simon Property Group (SPG)

Goldman Sachs is out with its report today on Simon Property Group SPG, maintaining Buy.

In a note to clients, Goldman Sachs writes, "We expect the shares to trade modestly higher on the news as the announcement adds further credibility and depth to an already proven leadership team at SPG. We maintain our Buy rating and our price target is unchanged. We look forward to updates on SPG's mall strategy in the near term."

At the time of posting, shares of SPG were trading at $104.45, up 1.50% from Wednesday's close.