BofA raised the firm’s price target on Douglas Emmett (DEI) to $15 from $12.50 and keeps an Underperform rating on the shares. While the firm remains more cautious on West Coast demand more broadly, Douglas Emmett’s setup “does appear to be improving” after the company faced several challenges during 2024, the analyst tells investors.
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Read More on DEI:
- Douglas Emmett’s Earnings Call: Mixed Sentiment and Future Prospects
- Douglas Emmett Reports 2024 Earnings and Strategic Moves
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- Douglas Emmett reports Q4 FFO 38c, consensus 37c
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