Truist Securities Maintains Buy on Camden Prop Trust, Lowers Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Lewis has maintained a Buy rating on Camden Property Trust (NYSE:CPT) but has reduced the price target from $132 to $122.
November 29, 2023 | 5:34 pm
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NEUTRAL IMPACT
Truist Securities reaffirms a Buy rating on Camden Property Trust but lowers the price target from $132 to $122.
While the reduction in price target could suggest a more conservative outlook on the company's future performance, the maintenance of a Buy rating indicates that Truist Securities still sees Camden Property Trust as a favorable investment. The mixed signals may lead to a neutral short-term impact on the stock price as investors digest both the positive and the negative aspects of the analyst's view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100