COPT Defense Properties price target raised to $30 from $25 at Citi

Citi raised the firm’s price target on COPT Defense Properties to $30 from $25 and keeps a Neutral rating on the shares. Following Q2 earnings, the firm is updating its model for updated operating, financing, and transaction assumptions, resulting in 2024 core FFO per share being increased to $2.56 from $2.53 and its 2025 core FFO per share estimate increasing to $2.66 from $2.60.