Evercore ISI raised the firm’s price target on COPT Defense Properties to $26 from $25 and keeps an In Line rating on the shares. The firm is rolling forward its valuation framework in its real estate coverage to capture an additional year of earnings growth, rolling forward its AFFO estimates from 2024 to 2025 and adjusting its price targets accordingly.
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Read More on CDP:
- COPT Defense Properties appoints Britt Snider as COO
- COPT Defense Properties price target lowered to $30 from $35 at BofA
- COPT Defense Properties sees 2023 adjusted FFO $2.39-$2.41, consensus $2.40
- COPT Defense Properties sees Q4 FFO 60c-62c, consensus 61c
- COPT Defense Properties reports Q3 adjusted FFO 60c, consensus 60c
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