Evercore ISI analyst Steve Sakwa lowered the firm’s price target on COPT Defense Properties (CDP) to $34 from $35 and keeps an Outperform rating on the shares. More insights than expected emerged at the NAREIT conference, including notable positive shifts in the REIT landscape, says the analyst in a noted on the group. The NAREIT conference revealed a more optimistic outlook for office and industrial sectors, while challenges remain in residential and storage segments, the analyst added.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDP:
- COPT Defense Properties price target raised to $31 from $30 at Truist
- COPT Defense Properties price target raised to $33 from $30 at Wells Fargo
- COPT Defense Properties Reports Strong Earnings and Strategic Growth
- COPT Defense Properties reports Q3 EPS 69c, consensus 68c
- COPT Defense Properties sees Q4 FFO 67c-69c, consensus 67c