COPT Defense Properties price target raised to $33 from $31 at Truist

Truist raised the firm’s price target on COPT Defense Properties (CDP) to $33 from $31 and keeps a Hold rating on the shares. The company is consistently posting positive earnings growth, supported by high tenant renewal rates and self-funded development activity, and this year should mark six consecutive years of positive normalized FFO per share growth, the analyst tells investors in a research note.