Truist lowered the firm’s price target on Camden Property (CPT) to $123 from $131 but keeps a Buy rating on the shares. The REIT is the second-best performer in the firm’s apartment coverage universe year-to-date and remains its “highest conviction Buy in the group”, the analyst tells investors in a research note. Truist adds however that it is slightly lowering its FFO estimates and price target with national job growth slowing a little faster than previously expected.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPT:
- Camden upgraded to Buy at Stifel on recovering Sunbelt, attractive multi-family
- Camden Property upgraded to Buy from Hold at Stifel
- Camden Property price target lowered to $130 from $138 at Citi
- Camden Property price target lowered to $133 from $136 at Scotiabank
- Camden Property price target lowered to $124 from $130 at Morgan Stanley