Easterly Government Properties price target raised to $14 from $13 at Truist

Truist raised the firm’s price target on Easterly Government Properties to $14 from $13 but keeps a Hold rating on the shares. The firm is adjusting its FFO estimates to reflect lower interest rates improving the company’s cost of capital and reducing dilution from refinancing activity, the analyst tells investors in a research note. Truist adds however that it is hard to get more constructive on the stock when the firm still projects minimal earnings growth over a five-year projection horizon.