UPDATE: Morgan Stanley Raises Hudson Pacific's PT
According to a research report published this morning, Morgan Stanley has increased Hudson Pacific's (NYSE: HPP) PT from $15 to $16.
Morgan Stanley commented in the report, "HPP has a greater value-added bent than before, which could add incremental annual NOI of >$15M over time. Highlights below. In multiple cases, results are subject to a greater degree of uncertainty given the time required to redevelop and reposition these assets."
Morgan Stanley maintains its Equal-weight rating on Hudson Pacific, which closed yesterday at $15.61.
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