Piper Sandler Downgrades Mid-America Apartment to Neutral, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Goldfarb has downgraded Mid-America Apartment (NYSE:MAA) from Overweight to Neutral and lowered the price target from $182 to $130.
October 31, 2023 | 10:29 am
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NEGATIVE IMPACT
Mid-America Apartment's rating has been downgraded from Overweight to Neutral by Piper Sandler, with a lowered price target from $182 to $130.
The downgrade from Overweight to Neutral by Piper Sandler indicates a less optimistic outlook for Mid-America Apartment. The lowered price target from $182 to $130 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100