COPT Defense Properties (CDP) PT Raised to $34 at Jefferies

Jefferies analyst Joe Dickstein raised the price target on COPT Defense Properties (NYSE: CDP) to $34.00 (from $33.00) while maintaining a Buy rating.

The analyst comments "Updating estimates to account for revised Iowa capital commitment assumptions. Maintain Buy. Adjusting Estimates & PT; Maintain Buy: We lower our FY26 FFO/sh estimate -1c to $2.74 (in line with cons), due to capital commitment to the Iowa DC project being further out than initially modeled. We raise our PT +$1 to $34 and maintain Buy. "

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