MAA price target raised to $170 from $165 at Piper Sandler

Piper Sandler analyst Alexander Goldfarb raised the firm’s price target on MAA (MAA) to $170 from $165 and keeps a Neutral rating on the shares. The firm sees the pre-election transaction pause giving way to a resumption of decision-making, whether leasing, capital markets, fund-raising, etc. Piper believes the direction of interest rates remains critical.