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Morgan Stanley Lowers Price Target on Mid-America Apartment Communities (MAA), Keeps Overweight Rating [Yahoo! Finance]

Mid-America Apartment Communities, Inc. (MAA) 
Last mid-america apartment communities, inc. earnings: 1/29 04:16 pm Check Earnings Report
US:NYSE Investor Relations: ir.maac.com
Company Research Source: Yahoo! Finance
Morgan Stanley Lowers Price Target on Mid-America Apartment Communities (MAA), Keeps Overweight Rating Top 100 Places Where the Rich People Own Real Estate On March 26, Morgan Stanley analyst Adam Kramer lowered the firm's price recommendation on Mid-America Apartment Communities, Inc. (NYSE:MAA) to $153.50 from $156. It reiterated an Overweight rating on the shares. The firm said it turned more positive on apartments last year and continues to favor a “regional barbell approach” focused on the Sun Belt and Coastal markets. Earlier, on March 10, Truist analyst Michael Lewis lowered his price objective on MAA to $142 from $146 and kept a Buy rating. He pointed out that national job growth has come in weaker than expected compared to just a few months ago. That trend is expected to weigh on near-term apartment revenue growth. At the same time, the firm still expects fundamentals in MAA's markets to improve gradually as the pace of new supply slows. Mid-America Apartment Communi Show less Read more
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