Truist Securities analysts upgraded Cousins Properties (NYSE:CUZ) from Hold to Buy, setting a price target of $28.00, up from $27.00. The analysts noted that the market perception of the company is overly pessimistic.

They believe Cousins is in a favorable position due to its presence in Sunbelt markets, the growing demand for quality office spaces, and positive factors such as strong employment growth and minimal lease expirations.

Additionally, the company boasts a low-leverage balance sheet, a well-supported dividend, and an attractive valuation relative to private market values.