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
Investors should bet on Simon Property Group as the reopening picture becomes more clear, Evercore ISI said.
The firm upgraded the mall operator to outperform from in-line on Monday, saying in a note to clients that it expects a positive reaction to the company’s upcoming earnings report. Simon is scheduled to release its first-quarter results after the bell on May 10.