BofA raised the firm’s price target on Douglas Emmett (DEI) to $15 from $12.50 and keeps an Underperform rating on the shares. While the firm remains more cautious on West Coast demand more broadly, Douglas Emmett’s setup “does appear to be improving” after the company faced several challenges during 2024, the analyst tells investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DEI:
- Douglas Emmett’s Earnings Call: Mixed Sentiment and Future Prospects
- Douglas Emmett Reports 2024 Earnings and Strategic Moves
- Douglas Emmett Faces Challenges with Low Occupancy and Declining FFOps, Earning a Sell Rating
- Douglas Emmett reports Q4 FFO 38c, consensus 37c
- Douglas Emmett sees FY25 FFO $1.42-$1.48, consensus $1.70