Citigroup Boosts COPT Defense Properties (NYSE:CDP) Price Target to $40.00

Citigroup has increased its price target for COPT Defense Properties (NYSE:CDP) to $40.00 from $34.00, while maintaining a neutral rating, suggesting a 5.15% upside from its current price. This follows the company's strong first-quarter results, where it surpassed EPS and revenue expectations. Overall analyst sentiment for CDP remains favorable, with a "Moderate Buy" consensus and an average price target of $36.25 from various firms.