Wells Fargo Downgrades Highwoods Props to Equal-Weight, Lowers Price Target to $22
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Blaine Heck has downgraded Highwoods Props (NYSE:HIW) from Overweight to Equal-Weight and lowered the price target from $27 to $22.
August 30, 2023 | 9:51 am
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Highwoods Props has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target of $22.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for Highwoods Props. The lowered price target from $27 to $22 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
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