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Deutsche downgrades Healthpeak to Hold on biotech challenges

Deutsche Bank analyst Omotayo Okusanya downgraded Healthpeak Properties (DOC) to Hold from Buy with a price target of $18, down from $28. The firm sees a challenging outlook for the biotechnology life sciences real estate space. Channel checks indicate continued sluggish demand and potentially more bankruptcies of small biotech companies, the analyst tells investors in a research note. Deutsche believes Healthpeak is facing a difficult back half of 2025 for occupancy.

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