Jefferies Upgrades The Macerich Company (MAC) to Buy
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Price: $24.66 -0.2%
Rating Summary:
13 Buy, 12 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
13 Buy, 12 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Jefferies upgraded The Macerich Company (NYSE: MAC) from Hold to Buy with a price target of $61 (up form $50)
The firm comments, "Post 4Q11, we maintain our bias towards the Class A malls as it appears fundamentals will further diverge between Class A malls and the rest of the mall sector. MAC in our view is an attractive way to play this trend on a risk adjusted basis."
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 $55.36 yesterday.
The firm comments, "Post 4Q11, we maintain our bias towards the Class A malls as it appears fundamentals will further diverge between Class A malls and the rest of the mall sector. MAC in our view is an attractive way to play this trend on a risk adjusted basis."
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 $55.36 yesterday.
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