Wedbush says tariff on foreign-made movies positive catalyst for Hudson Pacific

Wedbush notes that while a new form of tariff over the weekend from Trump–100% on foreign-made movies–may be disruptive to the stocks of content providers, the goal is to bring production back to the U.S. The firm further points out that production moving outside of the country has been one of many headwinds for Hudson Pacific’s (HPP) studio business over the past several years, and perhaps the company will finally have a small victory to savor here, to the extent this new tariff concept is carried out. The stock should see “some life today,” which is well-timed given that it is reporting Q1 results after the close on Wednesday. Wedbush reiterates a Neutral rating on the shares with a price target of $3.