Truist Lowers Price Target for Brandywine Realty Trust Amid Major Lease Expiration Concerns
Truist lowered its price target for Brandywine Realty Trust (BDN) to $3 from $3.50, citing continued pressure on earnings and cash flow due to an expected major lease expiration in 2027. The firm reiterated a 'Hold' rating as the company works toward reducing leverage and capital recycling.
Topics: Brandywine Realty Trust capital recycling leverage reduction REIT Truist analysis