Piper Sandler analyst Alexander Goldfarb raised the firm’s price target on Macerich (MAC) to $17 from $14 and keeps an Underweight rating on the shares. The firm continues to be impressed with CEO Jack Hsieh’s turnaround plan, but says Macerich’s valuation seems to be pricing in success today versus the targeted completion timeline of 2028.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAC: