Cousins Properties price target lowered to $27 from $28 at Truist

Truist lowered the firm’s price target on Cousins Properties to $27 from $28 but keeps a Buy rating on the shares. The firm’s new price target reflects its more conservative fundamental assumptions, but it also sees the REIT being in a strong position within the sector, given its high-quality Sunbelt portfolio with very low near-term lease expirations and the lowest levered balance sheet in the group.