B of A Securities Downgrades Highwoods Props to Neutral, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Camille Bonnel downgraded Highwoods Properties (NYSE:HIW) from Buy to Neutral and reduced the price target from $29 to $20.
November 13, 2023 | 1:29 pm
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Highwoods Properties was downgraded by B of A Securities from Buy to Neutral with a price target decrease from $29 to $20.
The downgrade from Buy to Neutral by a major analyst indicates a less optimistic outlook on the stock, which could lead to a decrease in investor confidence and a potential short-term decline in the stock price. The significant reduction in the price target further emphasizes the analyst's bearish stance, likely influencing market sentiment negatively.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100