Highwoods Properties price target raised to $33 from $32 at Truist

Truist analyst Michael Lewis raised the firm’s price target on Highwoods Properties (HIW) to $33 from $32 and keeps a Hold rating on the shares. The firm continues to believe the office REIT sector is less appealing than some others in an environment with sluggish job growth and stubborn long-term interest rates, even if the company might have a little better-than-average risk-reward profile within the office group, the analyst tells investors in a research note.