Highwoods Properties price target raised to $32 from $22 at Wells Fargo

Wells Fargo analyst Blaine Heck raised the firm’s price target on Highwoods Properties to $32 from $22 and keeps an Equal Weight rating on the shares. The firm continues to favor high-quality operators with strong balance sheets and significant exposure to the East Coast and Sunbelt markets as well as those with niche strategies and solid tenant activity.