Truist lowered the firm’s price target on Cousins Properties (CUZ) to $30 from $31 and keeps a Hold rating on the shares. The firm cites slumping national job growth but also states that Cousins is relatively low levered and has low upcoming lease expirations, projecting positive FFO growth this year and next despite the BofA moveout and potentially dilutive refinancing activity, the analyst tells investors in a research note.
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