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Fly News Breaks for September 11, 2019
MAA
Sep 11, 2019 | 08:55 EDT
SunTrust analyst Michael Lewis raised his price target on MAA to $130 and kept his Buy rating, saying the company generated better Q2 earnings with improved guidance when it reported results in late July. The analyst also raises his FY20 same-store net operating income growth forecast to 3.2% and expects MAA stock to benefit from its Sunbelt geography, relatively lower rent with redevelopment upside, and favorable annualized comps.
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