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Fly News Breaks for February 6, 2018
MAC
Feb 6, 2018 | 08:54 EDT
Morgan Stanley analyst Richard Hill noted that Macerich reported "disappointing" Q4 results and that its initial 2018 FFO guidance came in below consensus as it calls for SS-NOI deceleration. However, following a media reports that indicate activists Third Point and Starboard Value have taken stakes in Macerich, the market has been debating the prospect of a potential sale or privatization and he believes bulls will argue that the results could pressure management on M&A activity. Hill maintains his Equal Weight rating on Macerich shares.
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