JBG Smith price target lowered to $18 from $19 at Evercore ISI

Evercore ISI analyst Steve Sakwa lowered the firm’s price target on JBG Smith (JBGS) to $18 from $19 and keeps an Underperform rating on the shares. With Q3 wrapped and Q4 expected to maintain solid leasing activity, the overall outlook for office REITS “remains cautious,” with particular pressure on West Coast markets, the analyst tells investors in a group note.