B of A Securities Downgrades Mid-America Apartment to Underperform, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Dennerlein has downgraded Mid-America Apartment (NYSE:MAA) from Neutral to Underperform and lowered the price target from $136 to $112.
October 31, 2023 | 2:54 pm
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NEGATIVE IMPACT
Mid-America Apartment (NYSE:MAA) has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target from $136 to $112.
The downgrade from Neutral to Underperform by B of A Securities indicates a negative outlook for Mid-America Apartment. The lowered price target from $136 to $112 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100