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Stifel Adjusts Price Target on Camden Property Trust to $118.50 From $120.50, Maintains Buy Rating
Stifel has adjusted its price target for Camden Property Trust (CPT) to $118.50, down from $120.50, while reaffirming its Buy rating on the stock. This news follows a recent report on February 5th indicating Camden Property Trust’s forecast for full-year core funds from operations to be below estimates, alongside a decline in lease rates, despite a rise in Q4 FFO and revenue and a dividend increase.