MAA initiated with an In Line at Evercore ISI

Evercore ISI initiated coverage of MAA (MAA) with an In Line rating and $155 price target The firm says that given “resilient” economic conditions and a solid job market in 2024, apartment markets including the Sunbelt were able to navigate the “heavy” supply with modest rent pressure which will likely continue through at least the first half of 2025. It waits for better Sunbelt market conditions before recommending shares of MAA.