Truist cuts Mid-America Apartment stock price target on rates By Investing.com
Investing.com Canada
Truist Securities has lowered its price target for Mid-America Apartment Communities (MAA) to $132 from $146, while maintaining a Buy rating. The reduction is attributed to higher interest rates, which led to revised funds from operations estimates for 2026 and 2027. Despite the cut, Truist noted positive factors like MAA's strong balance sheet, dividend history, and potential for sector tailwinds from slowing new supply and expensive for-sale housing.
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