Market Overview

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

Share:
Related HIW
Morgan Stanley Downgrades Highwoods To Equal-Weight On Falling Margins, Priced-In Defensiveness
Oppenheimer Defends REITs Despite Scary Selloff

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
Oct 2016Stifel NicolausUpgradesHoldBuy
Aug 2016BTIG ResearchInitiates Coverage onNeutral
Aug 2016OppenheimerMaintainsOutperform

View More Analyst Ratings for HIW
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

Related Articles (HIW)

View Comments and Join the Discussion!