Jefferies analyst Peter Abramowitz lowered the firm’s price target on Hudson Pacific (HPP) to $3 from $3.70 and keeps a Hold rating on the shares as part of a 2025 office real estate investment trust outlook. The firm expects leasing will continue to improve in 2025, driven by more confidence in the macro backdrop and “pro-growth” policies pushed by the Trump administration. Even so, with the sector still facing structural challenges, Jefferies maintain a Neutral outlook and remain selective in its picks, the analyst tells investors in a research note.
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