Piper Sandler analyst Alexander Goldfarb raised the firm’s price target on Macerich (MAC) to $17 from $14 and keeps an Underweight rating on the shares. The firm continues to be impressed with CEO Jack Hsieh’s turnaround plan, but says Macerich’s valuation seems to be pricing in success today versus the targeted completion timeline of 2028.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAC: