Jefferies initiated coverage of Hudson Pacific (HPP) with a Hold rating and $2.70 price target Continued return to office trends and a more deregulated business environment are long-term tailwinds for an office recovery, but net absorption should remain negative through 2026, the analyst tells investors while launching coverage of the Office REIT sector. Given ongoing structural challenges, the firm remains selective and is “leaning into sustainable occupancy/earnings growth stories,” the analyst added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPP:
- Hudson Pacific upgraded to Equal Weight from Underweight at Wells Fargo
- Dell reports mixed Q4 results, Intel delays Ohio chip factory: Morning Buzz
- Netflix mulling moving HQ out of Hudson Pacific-owned buildings, Bloomberg says
- Hudson Pacific price target lowered to $3.50 from $4.50 at Piper Sandler
- Hudson Pacific Properties’ Mixed Q4 Earnings Call
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue