Deutsche Bank Downgrades Highwoods Props to Hold, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Omotayo Okusanya has downgraded Highwoods Properties (NYSE:HIW) from Buy to Hold, while raising the price target from $31 to $35.
October 01, 2024 | 5:48 pm
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NEUTRAL IMPACT
Deutsche Bank has downgraded Highwoods Properties from Buy to Hold, indicating a more cautious outlook. However, the price target has been raised to $35, suggesting some positive expectations.
The downgrade from Buy to Hold suggests a less optimistic view on the stock's potential upside, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $35 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100