JP Morgan lowers COPT Defense Properties' price target to $29, citing risks from potential DOD budget cuts and slower growth. COPT faces challenges in leasing process, with uncertain Space Command HQ decision and data center delays impacting future growth.
U.S. stock futures were flat and swung between gains and losses on Friday following Thursday's decline. The S&P 500 futures were trading a little below the flatline whereas other indices were in green. Alibaba Group Holding Ltd.
SAN FRANCISCO, Nov. 28, 2023 ( GLOBE NEWSWIRE ) -- COPT Defense Properties ( COPT Defense ) CDP is an equity REIT whose 21.3 million square foot portfolio of office and data center properties was 97% leased on September 30, 2023.