Truist Securities Raises Price Target for Macerich to $20.00, Maintaining "Buy" Rating

Truist Securities has raised its price target for Macerich (MAC) to $20.00 from $19.00, representing a 5.26% increase. The analyst maintains a "Buy" rating for the real estate investment trust, reflecting continued optimism about the company's market prospects. Macerich owns 27 regional malls in its consolidated portfolio and 10 in its unconsolidated portfolio. The average target price for MAC is $19.71, with an upside of 5.20% from the current price of $18.74.