Truist Securities Maintains Buy on Highwoods Props, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Lewis has maintained a Buy rating on Highwoods Properties (NYSE:HIW) but has reduced the price target from $35 to $28.
November 21, 2023 | 5:11 pm
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Truist Securities maintains a Buy rating on Highwoods Properties but lowers the price target from $35 to $28.
While the Buy rating reaffirms confidence in Highwoods Properties' fundamentals, the reduction in price target could reflect a revised valuation or expected headwinds, potentially leading to mixed short-term sentiment among investors.
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