Truist lowered the firm’s price target on COPT Defense Properties to $27 from $28 and keeps a Hold rating on the shares. The REIT should produce the best FFO per share growth in the sector in 2024, and the stock has become incrementally attractive on a relative basis, but the recent “beta rally” might still have legs with potential Fed rate cuts on the horizon, the analyst tells investors in a research note.
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Read More on CDP:
- COPT Defense Properties downgraded to Neutral from Overweight at JPMorgan
- COPT Defense Properties price target raised to $26 from $25 at Evercore ISI
- COPT Defense Properties appoints Britt Snider as COO
- COPT Defense Properties price target lowered to $30 from $35 at BofA
- COPT Defense Properties sees 2023 adjusted FFO $2.39-$2.41, consensus $2.40
