Peakstone Realty Trust price target lowered to $15 from $17 at Truist

Truist analyst Anthony Hau lowered the firm’s price target on Peakstone Realty Trust to $15 from $17 and keeps a Hold rating on the shares as part of a broader research note updating the firm’s model based on the REIT’s Q4 results, recent events, adjusted revenue growth and expense assumptions. The firm also warns that it continues to see structural challenges in suburban office space and believes there is heightened terminal risk in the sector, especially for the vacant buildings that Peakstone owns in the other segment.