As previously reported, Scotiabank upgraded Douglas Emmett (DEI) to Outperform from Sector Perform with a price target of $21, up from $16, to reflect increased confidence that office occupancy bottoms in Q4 and grows in 2025 and 2026. The firm was “encouraged” by the improvement in Q3 leasing metrics and sees benefits from the company’s higher-than-West Coast peers retention ratio, paired with a more manageable upcoming lease expiration profile, the analyst tells investors.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- 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 DEI:
- Douglas Emmett upgraded to Outperform from Sector Perform at Scotiabank
- Douglas Emmett management to meet virtually with Piper Sandler
- Douglas Emmett price target raised to $10.50 from $9 at BofA
- Douglas Emmett price target raised to $20 from $16 at Piper Sandler
- Douglas Emmett Reports Mixed Q3 Results Amid Leasing Growth