Deutsche Bank analyst Omotayo Okusanya initiated coverage of Macerich (MAC) with a Hold rating and $22 price target The firm has a neutral view on the mall real estate investment trust sector in the near-term. While “healthy” retail fundamentals are a tailwind for the group, Deutsche Bank remains concerned about the potential negative impact of the macro environment on “currently elevated valuation levels,” the analyst tells investors in a research note.
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Read More on MAC:
- Macerich price target raised to $23 from $16 at Truist
- Macerich price target raised to $17 from $14 at Piper Sandler
- GE Vernova initiated, Merck upgraded: Wall Street’s top analyst calls
- Macerich upgraded to Neutral on ‘notable progress’ at Mizuho
- Macerich upgraded to Neutral from Underperform at Mizuho
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