Mizuho Upgrades MAA to Outperform with $150 Price Target, Citing Accelerating Blended Rents and Falling Supply.

Mizuho analyst Haendel St. Juste upgraded MAA to Outperform from Neutral with a price target of $150. The company is seeing accelerating blended rents into the second half of 2025 and falling supply across its core markets. Mizuho cites less operating risk and supporting rent improvement for the upgrade.

Chemtrade Logistics has announced the acquisition of Polytec, a major water treatment company in the southeastern US, for $150 million. This strategic move aims to bolster Chemtrade's presence in America's fast-growing water solutions market [1].

The deal, valued at 6.5 times Polytec's latest annual EBITDA, underscores Chemtrade's confidence in the US water treatment sector. Polytec's focus on municipal and food-processing clients aligns with Chemtrade's expansion plans. Funding for the acquisition will come from Chemtrade's existing credit, with regulatory approval expected by the end of the year [1].

Chemtrade's financial performance has shown mixed results. While revenue grew by 11% to $496.7 million, quarterly profit fell 34% to $9.7 million due to write-downs on other chemical assets. Despite this, investors are watching closely as Chemtrade seeks to turn this expansion into improved margins [1].

In a separate development, Mizuho analyst Haendel St. Juste upgraded MAA to Outperform from Neutral, setting a price target of $150. The upgrade is based on accelerating blended rents into the second half of 2025 and falling supply across its core markets. Mizuho cited less operating risk and supporting rent improvement as reasons for the upgrade [2].

References:
[1] https://finimize.com/content/chemtrade-snaps-up-polytec-in-150-million-water-deal
[2] https://finimize.com/content/mizuho-upgrades-maa-to-outperform-with-price-target-of-150