The Fly

Macerich price target raised to $16 from $13 at Deutsche Bank

Deutsche Bank analyst Derek Johnston raised the firm’s price target on Macerich to $16 from $13 and keeps a Buy rating on the shares. The analyst says the company’s recent investor events "highlight unlocked value." He walked away "convinced that the company has the right assets and vision" to enable mid to long term net asset value accretion.

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