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UPDATE: Jefferies Reduces PT to $36 on Highwoods Properties on Mixed Trends

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Jefferies reiterated its Hold rating on Highwoods Properties (NYSE: HIW) and lowered its price target from $37 to $36.

Jefferies commented, "HIW remains our favorite play in the suburban office play given the high quality of its assets in its markets, clean balance sheet and solid management team. That said, fundamentals need to turn more positive and HIW needs to show additional progress on re-leasing large upcoming vacancies in Atlanta and Tampa. We maintain our Hold rating."

Highwoods Properties closed at $33.23 on Friday.

Latest Ratings for HIW

DateFirmActionFromTo
Jan 2015SusquehannaDowngradesBuyNeutral
Dec 2014CitigroupMaintainsNeutral
Sep 2014Capital One FinancialInitiates Coverage onEqual-weight

View More Analyst Ratings for HIW
View the Latest Analyst Ratings

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