Argus upgrades Simon Property Group to buy as recovery plan takes shape

Published Wed, Sep 22 20217:55 AM EDTUpdated Wed, Sep 22 202110:19 AM EDT

Jesse Pound @/in/jesse-pound @jesserpound

Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State's largest retail shopping space, in King of Prussia, Pennsylvania.

Mark Makela | Reuters

Mall operator Simon Property Group is set to emerge from the coronavirus pandemic on solid footing, and its stock has room to run, according to investment firm Argus Research.

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