| 2016-11-30 08:34:01|
MAA 08:34 11/30 11/30/16
MAA upgraded on performance, valuation at BMO Capital
As noted earlier, BMO Capital upgraded MAA to Outperform from Market Perform. Analyst John Kim upgraded the stock based on valuation. He says that the multifamily REIT's discount to its peers is too large, since its "EVA, organic growth, and balance sheet strength are at the high end of the sector." Additionally, he believes that MAA's acquisition of Post and its inclusion in the S&P 500 will cause the discount versus its peers to diminish Target to $104 from $102.