Morgan Stanley Lowers Price Target on Mid-America Apartment Communities (MAA), Keeps Overweight Rating

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Morgan Stanley has lowered its price target for Mid-America Apartment Communities (MAA) to $153.50 from $156 but maintained an Overweight rating, favoring a “regional barbell approach” in Sun Belt and Coastal markets. This follows a similar action by Truist earlier in March, which cited weaker-than-expected national job growth impacting near-term apartment revenue. Despite this, both firms expect fundamentals in MAA’s markets to gradually improve as new supply slows down.

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