Truist analyst Ki Bin Kim lowered the firm’s price target on Macerich (MAC) to $19 from $21 and keeps a Buy rating on the shares. The firm lowered its 2025 and 2026 FFO estimates mostly due to higher/earlier property dispositions as the company executes its plan to de-lever and focus on its highest quality assets. The updated price target implies a 7.2% potential total return, including the 3.7% dividend yield, the analyst tells investors in a research note.
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