Macerich Co (NYSE: MAC) downgraded & reduced price target by Piper Sandler. Reported Q1 sales of $208.783M & FFO of $0.33. New CEO appointed & withdrew FY24 guidance. Analyst skeptical of turnaround strategy, lowers FFO estimates for FY24 & FY25.
Companies Reporting Before The Bell
• Madison Square Garden (NYSE:MSGE) is expected to report quarterly loss at $0.80 per share on revenue of $301.83 million.