Macerich price target lowered to $19 from $20 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Macerich (MAC) to $19 from $20 and keeps an Equal Weight rating on the shares. The firm updated estimates, lowering its FY25 FFO per share view to $1.38 from $1.55 and its FY26 FFO per share view to $1.40 from $1.62.