Piper Sandler Upgrades Macerich to Neutral, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Goldfarb has upgraded Macerich (NYSE:MAC) from Underweight to Neutral and raised the price target from $11 to $12.
October 02, 2023 | 8:53 am
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Macerich's stock rating has been upgraded to Neutral from Underweight by Piper Sandler, with a raised price target of $12.
The upgrade from Underweight to Neutral indicates a more positive outlook on the company's stock by Piper Sandler. The raised price target suggests that the analyst expects the stock price to increase in the short term. This could potentially lead to increased investor interest and a rise in the stock price.
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IMPORTANCE 80
RELEVANCE 100