BTIG lowered the firm’s price target on Hudson Pacific (HPP) to $10 from $11 and keeps a Buy rating on the shares. Ahead of the company’s Q4 results, the firm has revised its estimates to reflect a reduction in studio production due to the LA wildfires, lower average office occupancy, and higher interest expense, which combined lower its 2025 FFO per share estimate by $0.22 to $0.37, the analyst tells investors in a research note.
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