Hudson Pacific price target raised to $12 from $7.50 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Hudson Pacific (HPP) to $12 from $7.50 and keeps a Neutral rating on the shares. While same-store NOI was 4.9% lower year over year, the firm is encouraged with the sequential increase in both leased and occupied space, which is expected to continue as leasing progress outpaces lease expirations, the analyst tells investors in a research note.