As previously reported, Wells Fargo downgraded Highwoods Properties (HIW) to Equal Weight from Overweight with a price target of $22, down from $27, given upcoming move-outs. The firm continues to favor companies with strong balance sheets, high quality assets, and predictable income streams and prefers Boston Properties (BXP) and Cousins Properties (CUZ).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HIW:
- Highwoods Properties downgraded to Equal Weight from Overweight at Wells Fargo
- Highwoods narrows FY23 FFO guidance to $3.69-$3.81 from $3.68-$3.82
- Highwoods Properties reports Q2 FFO 94c, consensus 94c
- Highwoods Announces Availability of Second Quarter 2023 Results
- Highwoods (HIW) Q2 Earnings Cheat Sheet