Hudson Pacific price target lowered to $5 from $6 at Piper Sandler

Piper Sandler analyst Alexander Goldfarb lowered the firm’s price target on Hudson Pacific (HPP) to $5 from $6 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.