UPDATE: Morgan Stanley Removes PT on Simon Property Group on Potential CMBS Issues on the Horizon for SpinCo

In a report published Tuesday, Morgan Stanley analyst Haendel E. St. Juste reiterated an Overweight rating on Simon Property Group (NYSE: SPG ), but removed the $186.00 price target. In the report, Morgan Stanley noted, “We support SPG's recent announcement to spin-off select lower quality mall and strip center assets