Goldman Sachs Resumes Coverage on The Macerich Company (MAC) at Neutral; Some Premium Warranted

July 16, 2012 8:33 AM EDT
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Price: $69.20 -1.66%

Rating Summary:
    8 Buy, 17 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Goldman Sachs resumes coverage on The Macerich Company (NYSE: MAC) with a Neutral. PT $61.00.

Analyst, Andrew Rosivach, said, "We find Macerich to have a middle-of-the-road growth profile with an in-line valuation to match. Our five-year FFO growth rate for MAC of 35.7% is near the sector average of 38%. Macerich is assisted by A mall secular NOI growth and refinance savings. However, MAC does face the initial headwind of the term out of floating rate debt anticipated in the latter half of 2012."

For an analyst ratings summary and ratings history on The Macerich Company click here. For more ratings news on The Macerich Company click here.

Shares of The Macerich Company closed at $58.82 yesterday.

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