MAA price target raised to $165 from $140 at Piper Sandler

Piper Sandler raised the firm’s price target on MAA to $165 from $140 and keeps a Neutral rating on the shares. While the market is drawn to the Fed’s clear rate cut comments and the 818,000 negative jobs revision, the key for apartments into 2025 remains the pace of supply absorption, the analyst tells investors in a research note.