Scotiabank analyst Greg McGinnis upgraded Macerich (MAC) to Outperform from Sector Perform with a price target of $22, up from $19. The company is positioned to start benefitting from its “Path Forward Plan,” the analyst tells investors in a research note. The firm believes Macerich’s same store net operating income growth will begin to ramp in the second half of 2026. “Now is the time to get more bullish” as Macerich is one of the few retail real estate investment trusts with “meaningful catalysts,” contends Scotiabank.
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Read More on MAC:
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