Highwoods Properties price target lowered to $22 from $23 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Highwoods Properties (HIW) to $22 from $23 and keeps an Underweight rating on the shares. AlphaWise job opening data across the REIT market suggests job openings are notably slowing, which is a headwind for office demand and office REIT multiples, the analyst tells investors.