Mizuho upgraded Macerich (MAC) to Neutral from Underperform with a price target of $22, up from $14. The firm sees a a “balanced” opportunity for the mall real estate investment trust sector in 2025. It upgraded Macerich to Neutral saying the company’s new leadership has made “notable progress” toward its strategic initiatives and deleveraging goals, while its improved cost of capital enhances its capital deployment options and earnings potential. Macerich now warrants a higher multiple, the analyst tells investors in a research note.
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Read More on MAC:
- Macerich upgraded to Neutral from Underperform at Mizuho
- Macerich 20M share Spot Secondary priced at $19.75
- Macerich announces offering of 18M shares of common stock
- Macerich price target raised to $17 from $14 at Scotiabank
- Macerich price target raised to $23 from $20 at Compass Point
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
