Truist analyst Ki Bin Kim raised the firm’s price target on Macerich to $16 from $14 and keeps a Hold rating on the shares as part of a broader research note on REITs. The firm is relatively bullish on the sector following a challenging 2023 that was mired by volatile inflationary environment and believes that REITs should benefit from a favorable backdrop of improved cost of capital environment, liquidity and attractive valuation levels, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MAC:
- Macerich price target raised to $14 from $12 at Mizuho
- Macerich Schedules Fourth Quarter 2023 Earnings Release and Conference Call
- Macerich price target raised to $14 from $11 at Mizuho
- Macerich price target raised to $12.50 from $8.50 at Morgan Stanley
- Macerich price target raised to $17 from $12 at Piper Sandler