Jefferies Downgrades Mid-America Apartment to Hold, Lowers Price Target to $136
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Linda Tsai downgraded Mid-America Apartment (NYSE:MAA) from Buy to Hold and reduced the price target from $140 to $136, indicating a more cautious outlook on the stock.
January 02, 2024 | 11:00 am
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Jefferies downgraded Mid-America Apartment from Buy to Hold and lowered the price target, suggesting a tempered expectation for the stock's performance.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic view on the company's future performance. The reduction in the price target further reinforces this cautious stance, which may influence investors' perception and could result in a decrease in stock price.
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