MAA price target lowered to $146 from $158 at Truist

Truist analyst Michael Lewis lowered the firm’s price target on MAA (MAA) to $146 from $158 and keeps a Buy rating on the shares after its Q3 earnings miss. The firm is also updating its model with lower projected apartment market rent growth over the next several quarters, consistent with a weakening labor market, the analyst tells investors in a research note.