Jefferies Lowers Price Target On Cogdell Spencer (CSA)

Jefferies & Co. is lowering its price target on Cogdell Spencer (NYSE: CSA) to $7 from $7.50, but is keeping its Hold rating on shares.

In a note to clients, Jefferies writes, "While we believe CSA will be a beneficiary of strong long-term MOB fundamentals, near-term challenges in the Erdman design-build business keeps us on the sidelines."

Shares of CSA lost 21 cents on Friday to close at $6.65, a loss of 3%.