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MAA price target lowered by $9 at Mizuho, here’s why

Mizuho analyst Haendel St. Juste lowered the firm’s price target on MAA to $124 from $133 and keeps a Neutral rating on the shares. The firm expects apartment real estate investment trusts to continue to lag the REIT sector in the first half of 2024 and recommends incremental caution as well as stock selectivity.

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