Cousins Properties (CUZ) PT Raised to $31 at Baird

Baird analyst David Rodgers raised the price target on Cousins Properties (NYSE: CUZ) to $31.00 (from $29.00) while maintaining a Outperform rating.

The analyst commented: "CUZ's balance sheet allows it to lean into strategic acquisitions. Sunbelt office demand continues to improve, with CUZ's current leasing pipeline reaching its fullest level in almost three years. As a result, management is growing more confident in the longer-term outlook for its property type and expects that, over time, occupancy can return to a more normalized level. In addition, CUZ is looking to deploy capital accretively and lean into acquisitions given its relatively low leverage, which is a luxury the company has compared to the broader office REIT sector."

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