The Macerich Company (NYSE:MAC) shares traded lower on Wednesday after Piper Sandler analyst Alexander Goldfarb downgraded the stock from Neutral to Under Weight and lowered the price target from $17 to $11. On Tuesday, the company reported Q1 sales of $208.783 million, beating the consensus of $205.112 million and FFO of $0.33. The company welcomed Jackson Hsieh as the new CEO and president and withdrew its FY24 guidance. The analyst writes that they think ...