JBG Smith price target lowered to $19 from $22 at Evercore ISI

Evercore ISI lowered the firm’s price target on JBG Smith (JBGS) to $19 from $22 and keeps an Underperform rating on the shares. Leasing activity is “looking solid for Q3,” especially from New York REITs, but questions linger about its sufficiency given other challenges, the analyst tells investors in a preview for the office REIT group.