Hudson Pacific Properties shares are trading lower after the company reported worse-than-expected Q2 FFO results. Also, BMO Capital and Piper Sandler downgraded their respective ratings and lowered their respective price targets.
Portfolio Pulse from Benzinga Newsdesk
Hudson Pacific Properties shares are trading lower after the company reported worse-than-expected Q2 FFO results. Additionally, BMO Capital and Piper Sandler downgraded their ratings and lowered their price targets.
August 08, 2024 | 11:27 am
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NEGATIVE IMPACT
Hudson Pacific Properties shares are trading lower due to worse-than-expected Q2 FFO results. BMO Capital and Piper Sandler downgraded their ratings and lowered their price targets.
The company's disappointing Q2 FFO results directly impact investor sentiment negatively. The downgrades and lowered price targets from BMO Capital and Piper Sandler further exacerbate the negative outlook, likely leading to a short-term decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100