Evercore ISI raised the firm’s price target on Macerich (MAC) to $20 from $18 and keeps an In Line rating on the shares. In a broad REIT note, the analyst rolled forward models to incorporate the firm’s 2027 AFFO estimates into its price target framework.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAC:
- Macerich’s Earnings Call Highlights Strong Leasing and Strategic Moves
- Macerich price target raised to $18 from $16 at Scotiabank
- Macerich price target raised to $19 from $18 at JPMorgan
- Macerich Sells Valley Mall for $22.1 Million
- Macerich’s Strong Leasing Momentum and Strategic Acquisition Drive Buy Rating