UPDATE: Jefferies Reduces PT to $36 on Highwoods Properties on Mixed Trends
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
|Aug 2016||BTIG Research||Initiates Coverage on||Neutral|
|Jul 2016||SunTrust Robinson Humphrey||Maintains||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.