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MAC

Macerich

$56.80

-1.3 (-2.24%)

15:56
04/19/18
04/19
15:56
04/19/18
15:56

Macerich CEO has informed board of plans to retire, Bloomberg reports

MAC Macerich
$56.80

-1.3 (-2.24%)

03/27/18
03/27/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Newell Brands (NWL) downgraded to Hold from Buy at SunTrust with analyst William Chappell saying the stock is in "no-man's land" for a few quarters after its decision to increase its asset sale to $10B from $6B without disclosing which assets are sold following its recent agreement with activist shareholder Starboard Value. 2. Macerich (MAC) and Simon Property (SPG) were downgraded to Neutral from Overweight at JPMorgan. 3. Kimco Realty (KIM) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Richard Hill saying he is cautious on REITs in general, but higher quality strips are better positioned to mitigate decelerating growth risks. 4. Range Resources (RRC) downgraded to Market Perform from Outperform at Bernstein with analyst Bob Brackett saying he believes gas levered names, particularly those with significant debt loads, are likely to struggle as gas prices compress cash margins. 5. Dominion Midstream (DM) downgraded to In Line from Outperform at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/27/18
JPMS
03/27/18
DOWNGRADE
Target $65
JPMS
Neutral
Macerich downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Mueller downgraded Macerich (MAC) to Neutral and lowered his price target for the shares to $65 from $70. The analyst is shuffling his ratings in the REIT space following GGP's (GGP) takeout by Brookfield Property Partners (BPY). He believes the price paid by Brookfield makes his "bullish mall thesis harder to push."
03/14/18
BTIG
03/14/18
NO CHANGE
Target $66
BTIG
Buy
Macerich price target lowered to $66 from $82 at BTIG
BTIG analyst James Sullivan lowered his price target on Macerich to $66, citing the slowdown in the company's same-store NOI growth below 3% in 2017 vs. prior forecast of 3%-4% as well as the management's expectations of 2.0%-2.5% range in 2018. The analyst keeps his Buy rating on the stock, saying his valuation is "conservative" given the 17% discount to his NAV estimate while also pointing to "healthy" operating metrics of the company's sub-markets suggesting better performance amid improvement in the economic environment.
02/06/18
MSCO
02/06/18
NO CHANGE
MSCO
Equal Weight
Morgan Stanley says Macerich disappointing Q4 may be viewed as fuel for activist
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.

TODAY'S FREE FLY STORIES

MU

Micron

$55.48

2.11 (3.95%)

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NWPX

Northwest Pipe

$21.72

0.1 (0.46%)

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FMC

FMC Corporation

$91.30

-0.22 (-0.24%)

16:35
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FMC Corporation announces executive leadership appointments »

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IRDM

Iridium

$11.65

0.1 (0.87%)

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  • 12

    Jun

CERN

Cerner

$60.75

-0.6 (-0.98%)

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  • 12

    Jun

TPR

Tapestry

$44.98

0.5 (1.12%)

16:33
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  • 22

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  • 26

    Jun

TWOU

2U

$95.50

-0.16 (-0.17%)

16:33
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Syndicate
2U announces $300M common stock offering »

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NDSN

Nordson

$139.50

4.45 (3.30%)

16:33
05/21/18
05/21
16:33
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16:33
Earnings
Nordson sees Q3 EPS $1.47-$1.63, consensus $1.91 »

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  • 22

    May

  • 06

    Jun

NDSN

Nordson

$139.50

4.45 (3.30%)

16:32
05/21/18
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16:32
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16:32
Earnings
Nordson reports Q2 adjusted EPS $1.56, consensus $1.43 »

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  • 22

    May

  • 06

    Jun

SMCI

Super Micro Computer

$23.85

0.2 (0.85%)

16:32
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16:32
Hot Stocks
Super Micro Computer announces listing requirement notice from Nasdaq »

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DAR

Darling Ingredients

$18.45

0.275 (1.51%)

16:31
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Hot Stocks
Darling Ingredients acquires assets of Kruger Commodities »

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MU

Micron

$55.48

2.11 (3.95%)

, INTC

Intel

$54.32

0.82 (1.53%)

16:31
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16:31
Hot Stocks
Micron, Intel announce production, shipment of 4bits/cell 3D NAND tech »

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MU

Micron

$55.48

2.11 (3.95%)

INTC

Intel

$54.32

0.82 (1.53%)

03/08/13
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  • 21

    May

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HTLF

Heartland Financial

$55.70

0.55 (1.00%)

16:31
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Hot Stocks
Heartland Financial completes FBLB purchase, sees immediate accretion to EPS »

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  • 24

    Sep

SAIL

SailPoint

$22.43

-0.16 (-0.71%)

16:30
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Syndicate
SailPoint announces common stock offering for holders »

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  • 24

    May

16:30
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Options
Preliminary option volume of 17.0M today »

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FBK

FB Financial

$43.62

0.61 (1.42%)

16:28
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Syndicate
FB Financial files to sell 3.2M shares of common stock for holders »

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  • 05

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  • 24

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MS

Morgan Stanley

$54.37

0.45 (0.83%)

, DQ

Daqo New Energy

$65.37

0.515 (0.79%)

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MS

Morgan Stanley

$54.37

0.45 (0.83%)

DQ

Daqo New Energy

$65.37

0.515 (0.79%)

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  • 23

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    Jun

APA

Apache

$44.27

0.36 (0.82%)

16:26
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Recommendations
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IGT

International Game

$29.75

-0.655 (-2.15%)

16:25
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Hot Stocks
International Game sees FY18 adjusted EBITDA $1.7B-$1.78B »

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IGT

International Game

$29.75

-0.655 (-2.15%)

16:24
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Earnings
International Game reports Q1 adjusted EPS 15c, consensus 27c »

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SQ

Square

$56.37

1.33 (2.42%)

16:23
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05/21
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16:23
Syndicate
Breaking Syndicate news story on Square »

Square files to sell…

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  • 22

    May

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SAIL

SailPoint

$22.43

-0.16 (-0.71%)

16:23
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16:23
Syndicate
Breaking Syndicate news story on SailPoint »

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  • 24

    May

RP

RealPage

$59.45

-0.1 (-0.17%)

16:22
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Syndicate
Breaking Syndicate news story on RealPage »

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  • 12

    Jun

STKS

One Group Hospitality

$2.49

(0.00%)

16:21
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Syndicate
Breaking Syndicate news story on One Group Hospitality »

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TWNK

Hostess Brands

$12.85

0.15 (1.18%)

16:20
05/21/18
05/21
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16:20
Initiation
Hostess Brands initiated  »

Hostess Brands initiated…

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