Morgan Stanley Maintains Underweight on Highwoods Props, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ronald Kamdem has maintained an Underweight rating on Highwoods Properties (HIW) but raised the price target from $18 to $21.

March 28, 2024 | 1:54 pm
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Morgan Stanley maintains an Underweight rating on Highwoods Properties but increases the price target from $18 to $21.
While the increase in price target from $18 to $21 suggests a positive adjustment in valuation expectations, the Underweight rating indicates ongoing concerns about the company's performance or valuation. This mixed signal could lead to neutral short-term price movement as investors weigh the higher price target against the cautious rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100