RBC CapitalMarkets LLC analyst RichardMoore II upgraded his investment opinion of Macerich Co. to "outperform" from "sectorperform," and increased his price target to $87 from $82.
The analyst wrote in a research report: "We like what wesee at Macerich, and the underperformance YTD has made these shares increasinglyattractive. As has been historically the case with Macerich, management commitsto a course of action and then delivers. Recent operational improvements and portfolioenhancements, both of which appear poised to continue, have helped push our ratingon these shares to Outperform. Our new price target is $87."