Jefferies Upgrades Mid-America Apartment Communities (MAA) to Buy

October 20, 2016 6:41 AM EDT
Get Alerts MAA Hot Sheet
Price: $95.26 -1.1%

Rating Summary:
    15 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Jefferies upgraded Mid-America Apartment Communities (NYSE: MAA) from Hold to Buy with a price target of $113.00 (from $109.00).

Analyst Omotayo Okusanya commented, "We are upgrading MAA to BUY from HOLD, as we believe the stock is oversold post the announcement of the PPS merger. While the deal is near-term dilutive, we believe investors are not appreciating the strong positive impact on earnings in 2018 and beyond. We recommend investors buy MAA on the recent pullback."

For an analyst ratings summary and ratings history on Mid-America Apartment Communities click here. For more ratings news on Mid-America Apartment Communities click here.

Shares of Mid-America Apartment Communities closed at $91.32 yesterday.

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