Evercore ISI lowered the firm’s price target on Cousins Properties to $26 from $28 and keeps an Outperform rating on the shares. As part of the firm’s Q3 office REITs preview, the analyst “slightly increased” estimates for FY23 and continues to “selectively recommend a few office REITs.” However, even though the firm is hearing about some green shoots in a few markets like San Francisco and New York, the firm needs to see better leasing activity in order to believe the Q3 rally is sustainable, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CUZ:
- Cousins Properties Announces Its Third Quarter 2023 Common Stock Dividend
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Cousins Properties upgraded to Buy from Hold at Truist
- KeyBanc starts Cousins at Underweight, sees near-term underperformance
- Cousins Properties initiated with an Underweight at KeyBanc
