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Upgrade Alert for Cousins Properties (CUZ)

By James Quinn

Cousins Properties (NYSE:CUZ) was upgraded from Sell to Hold at Stifel today. The stock closed yesterday at $7.91 on volume of 4.3 million shares, above average daily volume of 2.4 million.

Potential upside of 50.9% exists for Cousins Properties, based on a current level of $7.91 and analysts' average consensus price target of $11.94. The stock should run into initial resistance at its 200-day moving average (MA) of $9.53 and subsequent resistance at its 50-day MA of $10.02.

Cousins Properties share prices have moved between a 52-week high of $11.40 and a 52-week low of $7.19 and closed yesterday at 10% above that low price at $7.91 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 1.55% higher over the past week, respectively.

Cousins Properties, Inc. is a real estate investment trust that derives its revenues from the acquisition, financing, development, management and leasing of commercial properties. These retail and office properties are concentrated in the Southern United States.

SmarTrend is monitoring the recent change of momentum in Cousins Properties. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cousins Properties in search of a potential trend change.

Keywords: analyst upgrades/downgrades cousins properties

Ticker(s): CUZ