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MAC

Macerich

$42.79

-2.07 (-4.61%)

07:51
02/08/19
02/08
07:51
02/08/19
07:51

Macerich downgraded to Market Perform from Outperform at Wells Fargo

Wells Fargo analyst Jeffrey Donnelly downgraded Macerich to Market Perform from Outperform and lowered his price target to $43 from $65.50. In a research note to investors, Donnelly says he is unable to see an internal catalyst to drive shareholder value and believes Macerich will continue to face outsized capital expenditures for anchor re-tenanting over the next 2-3 years, but 2019 guidance implies cash flow from operations may not fully cover the growing capital needs as well as the common dividend. He adds that he is concerned that with low earnings growth and retained cash flows, there is little internally-generated capital on hand in the event capital needs in the next 2-3 years exceed incremental mortgage refinancing proceeds.

  • 03

    Mar

MAC Macerich
$42.79

-2.07 (-4.61%)

12/19/18
KEYB
12/19/18
DOWNGRADE
Target $75
KEYB
Sector Weight
Macerich downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Todd Thomas downgraded Macerich to Sector Weight from Overweight with a price target of $75.
12/20/18
12/20/18
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Macerich (MAC) downgraded to Sector Weight from Overweight at KeyBanc. 2. Eventbrite (EB) downgraded to Hold from Buy at Stifel with analyst Scott Devitt citing valuation. 3. HSBC (HSBC) downgraded to Sell from Hold at Edward Jones. 4. Noble Corp (NE) and Ensco (ESV) were downgraded to Hold from Buy at Societe Generale. 5. Greif (GEF) downgraded to Underperform from Outperform at BMO Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/23/19
MZHO
01/23/19
DOWNGRADE
Target $48
MZHO
Neutral
Macerich downgraded to Neutral from Buy at Mizuho
Mizuho analyst Haendel St. Juste downgraded Macerich to Neutral with a $48 price target. The analyst expects Real Estate Investment Trusts to perform competitively against the S&P 500 Index in 2019 amid more favorable supply/demand dynamics from lower supply, range-bound interest rates, capital availability, and stable GDP growth. However, he downgrades Macerich to reflect a lack of earnings growth and near-term share catalysts.
02/08/19
WELS
02/08/19
DOWNGRADE
WELS
Market Perform
Macerich downgraded to Market Perform from Outperform at Wells Fargo

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LJPC

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KO

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EFII

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DOOO

BRP Inc.

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FENG

Phoenix New Media

$2.69

-0.14 (-4.95%)

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VEND

Generation NEXT Franchise Brands

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  • 02

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DDAIF

Daimler AG

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AMID

American Midstream Partners

$5.24

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KO

Coca-Cola

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REAL

RealReal

$24.84

0.69 (2.86%)

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  • 12

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T

AT&T

$32.14

-0.63 (-1.92%)

, AAPL

Apple

$207.21

4.59 (2.27%)

08:55
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Options
Notable open interest changes for July 23rd »

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T

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$32.14

-0.63 (-1.92%)

AAPL

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$207.21

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FB

Facebook

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3.94 (1.99%)

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Netflix

$310.57

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LPSN

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WLDCF

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$232.46

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FITB

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$27.84

-0.11 (-0.39%)

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  • 23

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NVS

Novartis

$94.05

0.47 (0.50%)

08:50
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  • 23

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CE

Celanese

$105.66

-1.35 (-1.26%)

08:50
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  • 23

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NEOG

Neogen

$63.44

-0.58 (-0.91%)

08:46
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