Truist analyst Michael Lewis raised the firm’s price target on Corporate Office Properties to $28 from $26 but keeps a Hold rating on the shares. The analyst cites the company’s “good’ Q2 results that were supported by a strong portfolio leasing activity and also believes that the REIT is positioned for continued steady growth. The firm adds however that there are other REITs that appear “more deeply undervalued with higher potential upside”.
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Read More on OFC:
- Corporate Office Properties price target raised to $28 from $26 at Evercore ISI
- Corporate Office raises FY23 FFOPS view to $2.38-$2.42 from $2.35-$2.41
- Corporate Office Properties sees Q3 FFO 59c-61c
- Corporate Office Properties reports Q2 FFO 60c, consensus 59c
- OFC Upcoming Earnings Report: What to Expect?
