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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIW:
- Highwoods Properties acquires Legacy Union Parking Garage for $111.5M
- Highwoods Properties Extends Loan Maturity to 2029
- Highwoods Properties’ Earnings Call Reveals Positive Outlook
- Highwoods Properties Reports Q2 2025 Earnings
- Highwoods Properties narrows FY25 FFO view to $3.37-$3.45 from $3.31-$3.47