Analyst firms have also adjusted their outlooks for Simon Property Group. Citi lowered its price target to $170 from $185, citing uncertainty in the retail real estate sector and adjustments in funds from operations (FFO) estimates. Meanwhile, Jefferies increased its price target to $178, maintaining a Buy rating and expressing optimism about future earnings potential. Stifel reaffirmed a Buy rating with a price target of $180, noting Simon's consistent guidance for 2025 FFO and expectations for net operating income growth. These developments come amid Simon's involvement in Catalyst Brands, a portfolio formed by the merger of JCPenney and SPARC Group, which is expected to yield cost savings and synergies.