Wells Fargo analyst John Kilichowski lowered the firm’s price target on Healthpeak Properties (DOC) to $18 from $19 and keeps an Equal Weight rating on the shares. The firm recently toured the South SF Life Science market, which is 16msf. The company’s tone was positive but Wells estimates about 500bps of occ loss in Q4 and Q1 before the second half of 2026 expected ramp.
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