Deutsche Bank analyst Omotayo Okusanya upgraded Healthpeak Properties (DOC) to Buy from Hold with a price target of $28, up from $20. The life sciences real estate market is “navigating a complex landscape,” but improving biotech fundraising, expectations for a Federal Reserve rate cutting cycle over the next 12-18 months, and declining supply heading into 2025 suggest investors “should begin to have cautious optimism,” the analyst tells investors in a research note. The firm says Healthpeak Properties and Alexandria Real Estate are best positioned to benefit from this improving outlook. It believes both companies will gain share as the sector continues to adjust to a normalized demand curve.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOC:
- Healthpeak Properties upgraded to Buy from Hold at Deutsche Bank
- Healthpeak Properties assumed with an Equal Weight at Wells Fargo
- Healthpeak Properties price target raised to $26 from $25 at Evercore ISI
- Healthpeak Properties price target raised to $25 from $24 at Evercore ISI
- Healthpeak Properties resumed with an Equal Weight at Morgan Stanley