MAA price target lowered to $170 from $180 at KeyBanc

KeyBanc lowered the firm’s price target on MAA (MAA) to $170 from $180 and keeps an Overweight rating on the shares. The firm says that MAA’s revised 2025 outlook reflects a more gradual recovery in Sunbelt apartment fundamentals in the back half of the year, but moderating supply, positive net absorption, historically high retention, and easing comps are expected to drive continued reacceleration in lease rate growth.