Wedbush Downgrades Hudson Pacific Properties to Neutral, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Richard Anderson downgraded Hudson Pacific Properties (HPP) from Outperform to Neutral and reduced the price target from $11 to $7.5.
February 20, 2024 | 11:46 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wedbush analyst Richard Anderson downgraded Hudson Pacific Properties from Outperform to Neutral and lowered the price target from $11 to $7.5.
The downgrade from 'Outperform' to 'Neutral' by a prominent analyst, along with a significant reduction in the price target, is likely to negatively impact investor sentiment towards HPP in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100