Truist raised the firm’s price target on Cousins Properties (CUZ) to $30 from $26 and keeps a Buy rating on the shares. The company has low near-term tenant expirations and the lowest financial leverage in the firm’s office REIT coverage universe, the analyst tells investors in a research note. Truist is positive on Cousins Properties and select other office REITs heading into the likely Fed rate cut cycle, with the most remaining potential upside seen in Piedmont (PDM) and Brandywine (BDN), the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CUZ:
- Vornado upgraded, JPMorgan downgraded: Wall Street’s top analyst calls
- Cousins Properties downgraded to In Line from Outperform at Evercore ISI
- Cousins Properties, Town Lane acquire Proscenium for $83M
- Cousins Properties and Town Lane Announce the Acquisition and Planned Modernization of Proscenium
- Cousins Properties price target raised to $31 from $29 at Baird