MAA price target raised to $174 from $159 at Truist

Truist analyst Michael Lewis raised the firm’s price target on MAA to $174 from $159 and keeps a Hold rating on the shares. The REIT is becoming incrementally more attractive, supported by resilient demand, the lowest financial leverage in the group, strong cash flow, and an increasingly palatable valuation, the analyst tells investors in a research note. BTIG adds that job growth remains robust in the face of higher interest rates, helping mitigate high new supply.