As previously reported, Wolfe Research analyst Andrew Rosivach upgraded Cousins Properties (CUZ) to Outperform from Peer Perform with a $31 price target The firm thinks near-term earnings have below average downside risk, while a weak share price has placed it squarely in the camp of “deep value” stocks, the analyst tells investors. With earnings growth under pressure in REITs broadly, the firm views the steady Cousins earnings as “good enough” for the stock to gain multiple relative to the sector, the analyst added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CUZ:
- Cousins Properties upgraded to Outperform from Peer Perform at Wolfe Research
- Cousins Properties initiated with a Buy at Jefferies
- Cousins Properties price target lowered to $33 from $34 at Baird
- Cousins Properties price target raised to $38 from $35 at BofA
- Cousins Properties Inc.: Navigating the Risks of Real Estate Debt Investments Amid Interest Rate Fluctuations