Camden Property price target lowered to $123 from $131 at Truist

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.