Mizuho Securities Remains a Buy on Macerich (MAC)
In a report released yesterday, from Mizuho Securities maintained a Buy rating on Macerich, with a price target of $21.00. The company’s shares closed yesterday at $18.43.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Macerich with a $19.80 average price target.
Based on Macerich’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $253.26 million and a GAAP net loss of $87.36 million. In comparison, last year the company earned a revenue of $220.22 million and had a GAAP net loss of $108.19 million
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