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Jefferies downgrades Simon Property Group, says shopping malls will struggle during a slowdown

CNBC LogoCNBC1 mo ago

Jefferies downgrades Simon Property Group, says shopping malls will struggle during a slowdown

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A downturn will mean less discretionary spending and more retail closures for shopping malls, analysts say.

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Category: Economy

Topics: Wall Street Business Markets Source:tagname:CNBC US Source Articles Pro: Street Calls CNBC Pro PRO Home U.S. Markets Overview US: News Breaking News: Investing Stocks Stock Picks Pro: Short-term Premium Investing Cnbc Simon Property Group Inc Stock markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 12:54:20

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 2 minutes read

Article Length: 276 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22856

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Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 21 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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