Morgan Stanley lowered the firm’s price target on Hudson Pacific (HPP) to $5 from $8 and keeps an Underweight rating on the shares. Office REITs are the worst performing REIT subsector year-to-date, notes the analyst, who reduce targets across the group while also refreshing the firm’s analysis of job opening data across REIT markets.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPP:
- Hudson Pacific price target lowered to $7.50 from $12.50 at Goldman Sachs
- Hudson Pacific price target lowered to $10 from $13 at Cantor Fitzgerald
- Hudson Pacific price target raised to $8 from $7 at Citi
- Hudson Pacific price target lowered to $8 from $10 at Piper Sandler
- Balancing Operational Momentum and Execution Risk: Justifying a Hold Rating on Hudson Pacific