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Macerich (MAC) Receives a Buy from Bank of America Securities

Tipranks - Tipranks - Tue Feb 24, 4:20AM CST

Bank of America Securities analyst Jeffrey Spector reiterated a Buy rating on Macerich today and set a price target of $23.00.

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According to TipRanks, Spector is a 4-star analyst with an average return of 4.7% and a 57.35% success rate. Spector covers the Real Estate sector, focusing on stocks such as American Homes, Eastgroup Properties, and Macerich.

In addition to Bank of America Securities, Macerich also received a Buy from KeyBanc’s Todd Thomas in a report issued today. However, on February 21, TipRanks – Google reiterated a Hold rating on Macerich (NYSE: MAC).

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Based on Macerich’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $263.03 million and a GAAP net loss of $18.76 million. In comparison, last year the company earned a revenue of $273.68 million and had a GAAP net loss of $211.21 million

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