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Initiation
Fly Intel: Top five analyst initiations » 09:55
09/23/21
09/23
09:55
09/23/21
09:55
AVB

AvalonBay

$226.18 /

+2.45 (+1.10%)

, CPT

Camden Property

$151.65 /

+0.92 (+0.61%)

, MAA

MAA

$191.38 /

+1.1 (+0.58%)

, JOBY

Joby Aviation

$10.77 /

+1.105 (+11.43%)

, TSLA

Tesla

$754.40 /

+2.26 (+0.30%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AvalonBay (AVB) initiated with a Buy at Goldman Sachs. 2. Camden Property (CPT) initiated with a Buy at Goldman Sachs. 3. MAA (MAA) initiated with a Neutral at Goldman Sachs. 4. Joby Aviation (JOBY) initiated with an Overweight at Morgan Stanley. 5. Tesla (TSLA) initiated with a Sell at Tudor Pickering. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
TSLA Tesla
$754.40 /

+2.26 (+0.30%)

JOBY Joby Aviation
$10.77 /

+1.105 (+11.43%)

AVB AvalonBay
$226.18 /

+2.45 (+1.10%)

AVB AvalonBay
$226.18 /

+2.45 (+1.10%)

09/23/21 Deutsche Bank
AvalonBay upgraded to Hold from Sell at Deutsche Bank
09/23/21 Goldman Sachs
AvalonBay initiated with a Buy at Goldman Sachs
09/01/21 Barclays
AvalonBay initiated with an Underweight at Barclays
08/26/21 Wells Fargo
AvalonBay price target raised to $242 from $225 at Wells Fargo
CPT Camden Property
$151.65 /

+0.92 (+0.61%)

09/23/21 Deutsche Bank
Camden Property price target raised to $160 from $132 at Deutsche Bank
09/23/21 Goldman Sachs
Camden Property initiated with a Buy at Goldman Sachs
09/01/21 Barclays
Camden Property initiated with an Overweight at Barclays
09/01/21 Piper Sandler
Camden Property price target raised to $178 from $140 at Piper Sandler
MAA MAA
$191.38 /

+1.1 (+0.58%)

09/23/21 Goldman Sachs
MAA initiated with a Neutral at Goldman Sachs
09/13/21
Fly Intel: Top five analyst upgrades
09/13/21 BTIG
MAA upgraded to Buy from Neutral at BTIG
09/13/21 BTIG
MAA upgraded to Buy from Neutral at BTIG
JOBY Joby Aviation
$10.77 /

+1.105 (+11.43%)

09/23/21 Morgan Stanley
Joby Aviation initiated with an Overweight at Morgan Stanley
TSLA Tesla
$754.40 /

+2.26 (+0.30%)

09/23/21 Tudor Pickering
Tudor Pickering starts 'fundamentally overvalued' Tesla at Sell
09/23/21 Tudor Pickering
Tesla initiated with a Sell at Tudor Pickering
09/17/21 Morgan Stanley
520 mile EPA range 'an important milestone' for Lucid, says Morgan Stanley
09/17/21 Wedbush
Tesla EV demand story just starting to play out, says Wedbush
TSLA Tesla
$754.40 /

+2.26 (+0.30%)

MAA MAA
$191.38 /

+1.1 (+0.58%)

CPT Camden Property
$151.65 /

+0.92 (+0.61%)

AVB AvalonBay
$226.18 /

+2.45 (+1.10%)

  • 03
    Aug
TSLA Tesla
$754.40 /

+2.26 (+0.30%)

TSLA Tesla
$754.40 /

+2.26 (+0.30%)

AVB AvalonBay
$226.18 /

+2.45 (+1.10%)

TSLA Tesla
$754.40 /

+2.26 (+0.30%)

JOBY Joby Aviation
$10.77 /

+1.105 (+11.43%)

Initiation
MAA initiated with a Neutral at Goldman Sachs » 04:55
09/23/21
09/23
04:55
09/23/21
04:55
MAA

MAA

/

+

Goldman Sachs analyst…

Goldman Sachs analyst Chandni Luthra initiated coverage of MAA with a Neutral rating and $202 price target. The analyst initiated coverage of 10 residential real estate investment trusts with a bullish view over the next 12 months. Reopening momentum will "continue to build demand" as corporate America returns to the office, and the companies should see "strong" rental revenue growth given the "robust" macroeconomic backdrop, Luthra tells investors in a research note. The analyst sees MAA's valuation as appropriate given its growth profile, and waits for a better entry point.

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MAA MAA
/

+

09/13/21
Fly Intel: Top five analyst upgrades
09/13/21 BTIG
MAA upgraded to Buy from Neutral at BTIG
09/13/21 BTIG
MAA upgraded to Buy from Neutral at BTIG
09/01/21 Barclays
MAA initiated with an Overweight at Barclays
MAA MAA
/

+

  • 03
    Aug
Over a week ago
Upgrade
Fly Intel: Top five analyst upgrades » 09:55
09/13/21
09/13
09:55
09/13/21
09:55
CMAX

CareMax

$10.04 /

+0.69 (+7.38%)

, DELL

Dell Technologies

$98.11 /

+2.88 (+3.02%)

, CG

Carlyle Group

$49.94 /

+1.1 (+2.25%)

, BX

Blackstone

$130.00 /

+1.28 (+0.99%)

, MGM

MGM Resorts

$42.70 /

+0.41 (+0.97%)

, MAA

MAA

$190.69 /

+1.08 (+0.57%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. CareMax (CMAX) upgraded to Overweight from Neutral at Piper Sandler with analyst Jessica Tassan saying at last week's analyst and investor day, management "articulated a clear and focused multi-year strategy" that prioritizes organic growth through fiscal 2024. 2. Dell Technologies (DELL) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Rod Hall believing "strong" cash flow generation and a "clear road map" for a debt paydown continue to argue for a multiple on standalone Dell closer to comps. 3. Carlyle Group (CG) upgraded to Outperform from Market Perform at BMO Capital with analyst Rufus Hone expecting a "narrowing of the valuation gap" relative to capital-lite peers Blackstone (BX) and Ares Management (ARES), driven by a near-term inflection in organic net flows and earnings growth, a reduction in the perceived cyclicality of Carlyle's business and further increases in the accrued carry balance. 4. MGM Resorts (MGM) upgraded to Outperform from Market Perform at Bernstein with analyst Vitaly Umansky saying he has not given MGM enough credit on the progress made in its interactive strategy through BetMGM and tells investors in a research note that MGM has finally been able to effectuate fully its real estate divestiture strategy and buy out its 50% partner in City Center. 5. MAA (MAA) upgraded to Buy from Neutral at BTIG with analyst James Sullivan stating that rental spreads on new leases remained impressive at 10.3% in August on an annualized basis, and while the Sunbelt is outperforming the Coasts, growth is accelerating in the Coasts with all markets achieving positive rent growth last month. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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MGM MGM Resorts
$42.70 /

+0.41 (+0.97%)

DELL Dell Technologies
$98.11 /

+2.88 (+3.02%)

CMAX CareMax
$10.04 /

+0.69 (+7.38%)

CG Carlyle Group
$49.94 /

+1.1 (+2.25%)

BX Blackstone
$130.00 /

+1.28 (+0.99%)

CMAX CareMax
$10.04 /

+0.69 (+7.38%)

09/13/21 Piper Sandler
CareMax upgraded to Overweight from Neutral at Piper Sandler
09/09/21 Cowen
CareMax initiated with an Outperform at Cowen
07/01/21
Fly Intel: Top five analyst initiations
07/01/21 Piper Sandler
CareMax initiated with a Neutral at Piper Sandler
DELL Dell Technologies
$98.11 /

+2.88 (+3.02%)

09/13/21 Goldman Sachs
Dell Technologies upgraded to Conviction Buy from Buy at Goldman Sachs
08/31/21 Societe Generale
Dell Technologies price target lowered to $104 from $112 at Societe Generale
08/27/21 Raymond James
Dell Technologies price target lowered to $115 from $118 at Raymond James
08/27/21 Cowen
Dell Technologies price target raised to $101 from $98 at CowenVMware
CG Carlyle Group
$49.94 /

+1.1 (+2.25%)

09/13/21 BMO Capital
Carlyle Group upgraded to Outperform from Market Perform at BMO Capital
08/11/21 Deutsche Bank
Carlyle Group upgraded to Buy on durable earnings power at Deutsche Bank
08/11/21 Deutsche Bank
Carlyle Group upgraded to Buy from Hold at Deutsche Bank
07/12/21 Deutsche Bank
Carlyle Group price target raised to $51 from $45 at Deutsche Bank
BX Blackstone
$130.00 /

+1.28 (+0.99%)

09/03/21 Evercore ISI
Gates Industrial initiated with an Outperform at Evercore ISI
08/12/21 TD Securities
WPT Industrial REIT downgraded to Hold from Buy at TD Securities
08/11/21 Deutsche Bank
Blackstone upgraded to Buy on durable earnings power at Deutsche Bank
MGM MGM Resorts
$42.70 /

+0.41 (+0.97%)

09/13/21 Bernstein
MGM Resorts upgraded to Outperform from Market Perform at Bernstein
09/09/21 Macquarie
Macquarie says own online gaming into 'major catalyst' of NFL kickoff
07/28/21
Fly Intel: Top five analyst upgrades
07/28/21 Goldman Sachs
MGM Resorts upgraded to Neutral from Sell at Goldman Sachs
MAA MAA
$190.69 /

+1.08 (+0.57%)

09/13/21 BTIG
MAA upgraded to Buy from Neutral at BTIG
09/13/21 BTIG
MAA upgraded to Buy from Neutral at BTIG
09/01/21 Barclays
MAA initiated with an Overweight at Barclays
08/25/21 Truist
MAA price target raised to $198 from $178 at Truist
MGM MGM Resorts
$42.70 /

+0.41 (+0.97%)

MAA MAA
$190.69 /

+1.08 (+0.57%)

DELL Dell Technologies
$98.11 /

+2.88 (+3.02%)

CMAX CareMax
$10.04 /

+0.69 (+7.38%)

CG Carlyle Group
$49.94 /

+1.1 (+2.25%)

BX Blackstone
$130.00 /

+1.28 (+0.99%)

  • 03
    Aug
  • 19
    May
  • 12
    Mar
MGM MGM Resorts
$42.70 /

+0.41 (+0.97%)

DELL Dell Technologies
$98.11 /

+2.88 (+3.02%)

CG Carlyle Group
$49.94 /

+1.1 (+2.25%)

BX Blackstone
$130.00 /

+1.28 (+0.99%)

MGM MGM Resorts
$42.70 /

+0.41 (+0.97%)

DELL Dell Technologies
$98.11 /

+2.88 (+3.02%)

CG Carlyle Group
$49.94 /

+1.1 (+2.25%)

BX Blackstone
$130.00 /

+1.28 (+0.99%)

MGM MGM Resorts
$42.70 /

+0.41 (+0.97%)

DELL Dell Technologies
$98.11 /

+2.88 (+3.02%)

BX Blackstone
$130.00 /

+1.28 (+0.99%)

Upgrade
MAA upgraded to Buy from Neutral at BTIG » 06:47
09/13/21
09/13
06:47
09/13/21
06:47
MAA

MAA

$189.49 /

-2.645 (-1.38%)

BTIG analyst James…

BTIG analyst James Sullivan upgraded MAA to Buy from Neutral with a $218 price target as part of a broader research note on Apartment REITs. The analyst states that rental spreads on new leases remained impressive at 10.3% in August on an annualized basis, and while the Sunbelt is outperforming the Coasts, growth is accelerating in the Coasts with all markets achieving positive rent growth last month. MAA is the best positioned Sunbelt REIT and should report strong Q3 results and provide positive outlooks for the remainder of the year, Sullivan adds.

ShowHide Related Items >><<
MAA MAA
$189.49 /

-2.645 (-1.38%)

09/13/21 BTIG
MAA upgraded to Buy from Neutral at BTIG
09/01/21 Barclays
MAA initiated with an Overweight at Barclays
08/25/21 Truist
MAA price target raised to $198 from $178 at Truist
07/19/21 Raymond James
MAA price target raised to $205 from $175 at Raymond James
MAA MAA
$189.49 /

-2.645 (-1.38%)

  • 03
    Aug
Upgrade
MAA upgraded to Buy from Neutral at BTIG » 06:31
09/13/21
09/13
06:31
09/13/21
06:31
MAA

MAA

$189.49 /

-2.645 (-1.38%)

BTIG analyst James…

BTIG analyst James Sullivan upgraded MAA to Buy from Neutral with a $218 price target.

ShowHide Related Items >><<
MAA MAA
$189.49 /

-2.645 (-1.38%)

09/01/21 Barclays
MAA initiated with an Overweight at Barclays
08/25/21 Truist
MAA price target raised to $198 from $178 at Truist
07/19/21 Raymond James
MAA price target raised to $205 from $175 at Raymond James
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist on valuation
MAA MAA
$189.49 /

-2.645 (-1.38%)

  • 03
    Aug
Initiation
MAA initiated with an Overweight at Barclays » 08:09
09/01/21
09/01
08:09
09/01/21
08:09
MAA

MAA

$192.43 /

-0.25 (-0.13%)

Barclays analyst Anthony…

Barclays analyst Anthony Powell initiated coverage of MAA with an Overweight rating and $210 price target. The analyst initiated coverage of the U.S. real estate investment trust sector with a Positive view. He generally prefers Sunbelt names, even after their recent stock outperformance, saying strong population and income growth can help drive higher rent growth. Industrial is Powell's favorite subsector as he believes demand for warehouse space remains strong. The "retail apocalypse" looks overblown as shopping center fundamentals have "surprised us to the upside," Powell tells investors in a research note. Despite known challenges from Covid and retail moving to online, shopping center traffic is generally back to 2019 levels while leasing demand and pricing has been strong, contends the analyst.

ShowHide Related Items >><<
MAA MAA
$192.43 /

-0.25 (-0.13%)

08/25/21 Truist
MAA price target raised to $198 from $178 at Truist
07/19/21 Raymond James
MAA price target raised to $205 from $175 at Raymond James
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist on valuation
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist
MAA MAA
$192.43 /

-0.25 (-0.13%)

  • 03
    Aug
Recommendations
MAA price target raised to $198 from $178 at Truist » 09:27
08/25/21
08/25
09:27
08/25/21
09:27
MAA

MAA

$186.32 /

-2.21 (-1.17%)

Truist analyst Michael…

Truist analyst Michael Lewis raised the firm's price target on MAA to $198 from $178 and keeps a Buy rating on the shares. The company's fundamentals appear "excellent" as it achieved blended spreads of 8.2% in Q2 and over 12% in July, with occupancy also topping 96.4%, the analyst tells investors in a research note. Lewis adds that while MAA's valuation gives him pause, its strong pricing power and no signs of pushback should allow investors to be patient for more clarity in terms of net operating income trends.

ShowHide Related Items >><<
MAA MAA
$186.32 /

-2.21 (-1.17%)

07/19/21 Raymond James
MAA price target raised to $205 from $175 at Raymond James
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist on valuation
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist
06/01/21 BMO Capital
MAA downgraded to Market Perform from Outperform at BMO Capital
MAA MAA
$186.32 /

-2.21 (-1.17%)

  • 03
    Aug
Over a month ago
Syndicate
MAA 1.1M share Spot Secondary priced at $192.50 » 08:32
08/03/21
08/03
08:32
08/03/21
08:32
MAA

MAA

$195.15 /

+2.14 (+1.11%)

The deal range was…

The deal range was $192.50-$193.50. JPMorgan and Wells Fargo acted as joint book running managers for the offering.

ShowHide Related Items >><<
MAA MAA
$195.15 /

+2.14 (+1.11%)

07/19/21 Raymond James
MAA price target raised to $205 from $175 at Raymond James
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist on valuation
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist
06/01/21 BMO Capital
MAA downgraded to Market Perform from Outperform at BMO Capital
MAA MAA
$195.15 /

+2.14 (+1.11%)

  • 03
    Aug
Syndicate
MAA 1.1M share Spot Secondary; price range $192.50-$193.50 » 16:42
08/02/21
08/02
16:42
08/02/21
16:42
MAA

MAA

$195.15 /

+2.14 (+1.11%)

JPMorgan and Wells Fargo…

JPMorgan and Wells Fargo are acting as joint book running managers for the offering.

ShowHide Related Items >><<
MAA MAA
$195.15 /

+2.14 (+1.11%)

07/19/21 Raymond James
MAA price target raised to $205 from $175 at Raymond James
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist on valuation
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist
06/01/21 BMO Capital
MAA downgraded to Market Perform from Outperform at BMO Capital
MAA MAA
$195.15 /

+2.14 (+1.11%)

Syndicate
MAA announces offering of 1.1M shares of common stock » 16:06
08/02/21
08/02
16:06
08/02/21
16:06
MAA

MAA

$195.10 /

+2.09 (+1.08%)

Mid-America Apartment…

Mid-America Apartment Communities announced that it has commenced an underwritten public offering of 1.1M shares of common stock in connection with forward sale agreements. MAA has entered into forward sale agreements with J.P. Morgan Securities and Wells Fargo Securities or their affiliates with respect to 1.1M shares of its common stock. In connection with the forward sale agreements, the forward purchasers are expected to borrow and sell to the underwriters an aggregate of 1.1M shares of the common stock that will be delivered in this offering. MAA will not initially receive any proceeds from the sale of shares of its common stock by the forward purchasers in the offering. MAA expects to contribute the net proceeds, if any, it receives upon the future settlement of the forward sale agreements to its operating partnership, Mid-America Apartments, L.P., which intends to use such proceeds for its development and redevelopment activities, working capital and general corporate purposes, which may include the repayment of outstanding indebtedness under its commercial paper program, unsecured revolving credit facility and secured property mortgages, if any. General corporate purposes also may include the selective development, redevelopment or acquisition of properties. J.P. Morgan and Wells Fargo Securities are acting as the joint book-running managers for the offering.

ShowHide Related Items >><<
MAA MAA
$195.10 /

+2.09 (+1.08%)

07/19/21 Raymond James
MAA price target raised to $205 from $175 at Raymond James
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist on valuation
06/04/21 Truist
MAA upgraded to Buy from Hold at Truist
06/01/21 BMO Capital
MAA downgraded to Market Perform from Outperform at BMO Capital
MAA MAA
$195.10 /

+2.09 (+1.08%)

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