Truist raised the firm’s price target on Macerich (MAC) to $21 from $19 and keeps a Buy rating on the shares as part of a broader research note on REIT’s. The firm is updating its model to reflect recent events and adjusted revenue growth and expense assumptions, the analyst tells investors in a research note.
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Read More on MAC:
- Macerich Holds Annual Stockholders Meeting, Key Decisions Made
- Balanced Outlook on Macerich: Ambitious Targets Amid Execution Risks Justify Hold Rating
- Macerich’s Strategic Path Forward: Balancing Growth and Market Uncertainties
- Macerich Updates Path Forward Plan for Class A Malls
- Macerich upgraded to Neutral on valuation at Piper Sandler