Macerich price target lowered to $18 from $22 at JPMorgan

JPMorgan lowered the firm’s price target on Macerich (MAC) to $18 from $22 and keeps an Underweight rating on the shares. The firm, which updated its model for Q4 earnings, notes that its 2025 and 2026 FFO estimates are now $1.54 and $1.61, respectively.