RBCCapital Markets LLC analyst Wes Golladay raised his investment opinionof Mid-America ApartmentCommunities Inc. to "outperform" from "sectorperform," and decreased his price target to $103 from $106.

The analyst wrote in a research report: "We areupgrading MAA to Outperform given our expectations for more stable andpredictable organic growth for the remainder of the cycle. Manageable supplypressure and healthy Sunbelt job growth should yield above trend revenue growththrough '17. The PPS portfolio provides meaningful value creation opportunitieswhich MAA has a track record of achieving."