KeyBanc upgraded Macerich (MAC) to Overweight from Sector Weight with a $25 price target The firm says execution on the company’s multi-year “Path Forward Plan” is tracking ahead of expectations. Accelerated disposition activity and further deleveraging support a more constructive outlook for the shares, the analyst tells investors in a research note. KeyBanc expects improving net operating income growth and an inflection in funds from operations in 2026 to drive multiple expansion for the shares.
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