Camden Property Trust Gets Double Upgrade: Analyst Sees Potential Earnings Upside Amid Fed Rate Cuts

Camden Property Trust CPT shares are trading slightly higher on Monday. BofA Securities analyst Joshua Dennerlein double upgraded the stock to Buy from Underperform and raised the price target to $147 from $111. This month, the company reported second-quarter Core FFO of $1.71, surpassing the $1.67 estimate, and sales of $387.15 million, exceeding the $385.15 million estimate. The analyst writes that a recent portfolio trade in Sunbelt led to a reassessment of their view on Sunbelt-focused Camden Property. ...