Macerich price target lowered to $19 from $23 at Truist

Truist analyst Ki Bin Kim lowered the firm’s price target on Macerich (MAC) to $19 from $23 and keeps a Hold rating on the shares as part of a broader research note on REIT’s. The firm is updating its model to reflect recent events and adjusted revenue growth and expense assumptions, the analyst tells investors in a research note.