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Fly News Breaks for December 17, 2019
MAA
Dec 17, 2019 | 07:06 EDT
KeyBanc analyst Jordan Sadler downgraded MAA to Sector Weight from Overweight as part of a broader research note on the REIT sector. Sadler says he continues to view apartment fundamentals across MAA's Sunbelt markets as attractive given above average job growth and stable supply, but says that with the stock closing in on his $138 per share price target and the valuation gap vs. its apartment REIT peers within a historically tight range, he views the near-term upside and relative outperformance as "limited."
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