JP Morgan Upgrades Macerich to Overweight from Neutral
Fintel reports that on September 24, 2026, JP Morgan upgraded their outlook for Macerich (NYSE:MAC) (DB:M6G) from Neutral to Overweight.
This rating action follows a prior upgrade by JP Morgan on June 17, 2026, when the firm raised its rating on the company from Underweight to Neutral. Other analysts have also adjusted their ratings recently. On September 21, 2026, Evercore ISI Group upgraded Macerich from In-Line to Outperform. Prior to that, on August 27, 2026, Piper Sandler upgraded the stock from Neutral to Overweight.
The stock closed at $22.67 on September 23, 2026, which was the final trading session prior to the rating action. This closing price represents a price change of +1.12% over one week, compared to a baseline close of $22.42 on September 16, 2026. Over a one-month period, the stock experienced a price change of -7.01% from a baseline close of $24.38 on August 21, 2026.
As of September 15, 2026, the current consensus target mean for Macerich is $27.61, with a median target of $27.54. This mean target represents an implied change of +21.80% from the stock's prior levels. The prior consensus target mean was $27.47 as of August 28, 2026, representing a consensus target revision of +0.53%.
In the recommendation period ending September 1, 2026, the aggregate analyst sentiment showed 5 strong buy, 8 buy, 5 hold, and 2 sell recommendations, totaling 20 recommendations. This represents 65.0% positive, 25.0% hold, and 10.0% negative recommendations. In the prior period ending August 1, 2026, the total of 20 recommendations consisted of 5 strong buy, 7 buy, 6 hold, and 2 sell recommendations, representing 60.0% positive, 30.0% hold, and 10.0% negative recommendations.
Macerich reported its latest earnings on August 4, 2026. The company reported actual earnings per share (EPS) of -0.1, compared to an estimated EPS of -0.0572. Actual revenue for the quarter was $249,707,000.00, exceeding the estimated revenue of $238,499,763.00.
The Macerich Company, based in the United States, is a real estate investment trust (REIT) focusing primarily on the ownership and management of shopping centers. The company specializes in premier malls and shopping centers located in densely populated, affluent regions, with key projects including Tysons Corner Center in Virginia and Scottsdale Fashion Square in Arizona. Its portfolio emphasizes retail management, redevelopment, and revitalization of its properties.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 24, 2026 | JP Morgan | Neutral | Overweight | upgrade |
| September 21, 2026 | Evercore ISI Group | In-Line | Outperform | upgrade |
| August 27, 2026 | Piper Sandler | Neutral | Overweight | upgrade |
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This story originally appeared on Fintel.