UPDATE: Cowen Upgrades Macerich
January 22, 2014 at 10:48 AM EST
In a report published Wednesday, Cowen analyst James Sullivan upgraded Macerich (NYSE: MAC ) to Outperform from Market Perform, raising its price target to $70.00 from $59.00. According to the report, the success of recent projects has alleviated the analyst's concerns about MAC's development pipeline. MAC has also materially
