COPT Defense Properties price target lowered to $35 from $37 at Jefferies

Jefferies lowered the firm’s price target on COPT Defense Properties (CDP) to $35 from $37 and keeps a Buy rating on the shares as part of a 2025 office real estate investment trust outlook. The firm expects leasing will continue to improve in 2025, driven by more confidence in the macro backdrop and “pro-growth” policies pushed by the Trump administration. Even so, with the sector still facing structural challenges, Jefferies maintain a Neutral outlook and remain selective in its picks, the analyst tells investors in a research note.