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MAA price target raised to $170 from $160 at Citizens JMP

Citizens JMP raised the firm’s price target on MAA (MAA) to $170 from $160 and keeps an Outperform rating on the shares. MAA’s Q1 results were solid and guidance for fiscal 2025 was maintained on all metrics, the analyst tells investors in a research note. The firm expects the momentum in new lease rate growth that is beginning this year to last at least through 2027.

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