Truist analyst Michael Lewis raised the firm’s price target on Camden Property to $133 from $122 and keeps a Buy rating on the shares. Following a 4c per share beat versus its model in Q2, the firm is increasing its 2024 FFO estimate to $6.76 per share from $6.68, highlighting Camden as “the second-best performer in our apartment coverage universe” year-to-date and the analyst’s “highest conviction Buy.”
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