Macerich stock downgraded on restructuring concerns By Investing.com

On Wednesday, Piper Sandler adjusted its stance on The Macerich Company (NYSE:NYSE:), moving its rating from Neutral to Underweight. The firm also revised its price target downward to $11 from the previous $17. The change reflects skepticism about the company’s long-term restructuring plan.The Macerich Company, a real estate investment trust (REIT) focused on shopping centers, has been advised…