Deutsche Bank Reinstates The Macerich Company (MAC) at Hold

Deutsche Bank reinstated coverage on The Macerich Company (NYSE: MAC) with a Hold rating and a price target of $82.

Analyst Vin Chao said, "We are reinstating our coverage of MAC following an extended restriction period. We reinstate at Hold with an $82 target price and adjust our 2015 and 2016 FFO/sh estimates following previously reported 1Q earnings to $3.80 and $4.20 respectively. Our core FFO estimate for 2015 of $3.87 compares to guidance of $3.83-$3.93 and our 2016 core FFO estimate is $4.20."

For an analyst ratings summary and ratings history on The Macerich Company click here. For more ratings news on The Macerich Company click here.

Shares of The Macerich Company closed at $77.99 yesterday.

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