Truist analyst Michael Lewis lowered the firm’s price target on Cousins Properties (CUZ) to $24 from $28 and keeps a Hold rating on the shares. Despite improved REIT office leasing and lower stock prices, sector optimism remains tempered by weaker-than-expected macro conditions, leading to reduced price targets implying only modest FFO multiple expansion, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CUZ:
- Cousins Properties price target lowered to $24 from $28 at Truist
- Cousins Properties price target lowered to $27 from $31 at BMO Capital
- Cousins Properties: Sunbelt Leasing Momentum and Improving Fundamentals Support Buy Rating Despite Depressed Valuation
- Cousins Properties Highlights Sun Belt Office Growth Strategy
- Cousins Properties price target lowered to $28 from $34 at Barclays