Truist analyst Michael Lewis raised the firm’s price target on Camden Property (CPT) to $131 from $129 and keeps a Buy rating on the shares. The company is among the firm’s favorite apartment REIT stocks for FY25, the analyst tells investors in a research note. Despite expectations for slowing U.S. job growth, Truist still projects this year’s estimated 0.1% same-store net operating income growth to be Camden’s worst during this cycle of record new supply in its markets, the firm added.
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