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Published on 1 May 2024 on Benzinga

Analyst Doubts Macerich's New CEO Strategy, Can They Turn Things Around? - Macerich (NYSE:MAC)

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The Macerich Company MAC shares traded lower on Wednesday after Piper Sandler analyst Alexander Goldfarb downgraded the stock from Neutral to Under Weight and lowered the price target from $17 to $11.

On Tuesday, the company reported Q1 sales of $208.783 million, beating the consensus of $205.112 million and FFO of $0.33.

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NYSE.MAC price evolution

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