Keefe, Bruyette & Woods Upgrades The Macerich Company (MAC) to Outperform; Strengthening Ops & Expanding Investment Pipeline

Keefe, Bruyette & Woods upgraded The Macerich Company (NYSE: MAC) from Market Perform to Outperform.

KBW analyst says, "MAC's laid-back persona sometimes belies its thoughtful/successful approach to working its assets off. Most notable takeaway from its earnings call is expanding size of external growth opportunities - investment target for acquisitions, developments & redevelopments was upsized to $1-$1.5B. FFO accretion & NAV/value-creation opportunities are much brighter than previously expected - a key reason for our upgrade to Outperform from Market Perform. Raising estimates, PT."

For more ratings news on The Macerich Company click here and for the rating history of The Macerich Company click here.

Shares of The Macerich Company closed at $50.79 yesterday.

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