Cousins Properties price target lowered to $23 from $27 at BofA

BofA analyst Camille Bonnel lowered the firm’s price target on Cousins Properties to $23 from $27 and keeps a Buy rating on the shares. Challenging fundamentals are “the new norm” for office REITS, says the firm, which cites a lack of visibility on when operations will stabilize in its downgrade of three other office REITS.