Scotiabank lowered the firm’s price target on Hudson Pacific (HPP) to $3 from $4 and keeps a Sector Perform rating on the shares. The firm is updating its estimates ahead of Q4 earnings and FY25 guidance to reflect recent financing/investing activity, the analyst tells investors. While the company continues to work through large near-term office vacancies and improving its cash position, the firm now expects bigger earnings drag in 2025-2026.
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