Douglas Emmett price target raised to $20 from $16 at Piper Sandler

Piper Sandler raised the firm’s price target on Douglas Emmett (DEI) to $20 from $16 and keeps a Neutral rating on the shares. The firm sees the pre-election transaction pause giving way to a resumption of decision-making, whether leasing, capital markets, fund-raising, etc. Piper believes the direction of interest rates remains critical.