UPDATE: Morgan Stanley Upgrades Simon Property Group as Sum-of-the-Parts Analysis Reveals Stock is Inexpensive

In a report published Monday, Morgan Stanley analyst Haendel E. St. Juste upgraded the rating on Simon Property Group (NYSE: SPG ) from Equal-Weight to Overweight, and raised the price target from $180.00 to $186.00. In the report, Morgan Stanley noted, “We conducted a sum-of-the-parts analysis that reveals SPG's shares