Cantor Fitzgerald Downgrades Cousins Properties (CUZ) to Sell; Look For Better Entry Point

July 9, 2012 7:10 AM EDT
Get Alerts CUZ Hot Sheet
Price: $36.93 -1.2%

Rating Summary:
    6 Buy, 3 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 3 | New: 9
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Cantor Fitzgerald downgraded Cousins Properties (NYSE: CUZ) from Hold to Sell.

Cantor analyst said, "We are reducing our exposure to the Atlanta office market with the CUZ downgrade. Employment forecasts for the Atlanta MSA continue to best national averages, yet we find scant evidence of any strengthening of office fundamentals--in fact, broker commentary gleaned from our Newmark Grubb Knight Frank affiliates remains somewhat negative...we view current pricing as elevated, however, and would seek a more attractive relative entry point."

For an analyst ratings summary and ratings history on Cousins Properties click here. For more ratings news on Cousins Properties click here.

Shares of Cousins Properties closed at $7.90 yesterday.

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