Mizuho upgraded Cousins Properties (CUZ) to Neutral from Underperform with a price target of $30, up from $22. The firm says that while the “easy money has been made” in 2024 for real estate investment stocks, it still sees “pockets of opportunity” in 2025. Mizuho now sees upside to Cousins’ occupancy and cash flow given its strong capital deployment. Its prior Underperform rating was based on risk to market rent growth given tepid leasing and high supply.
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