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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