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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
Apr 2015Morgan StanleyUpgradesEqual-weightOverweight
Feb 2015Stifel NicolausMaintainsBuy
Jan 2015SusquehannaDowngradesBuyNeutral

View More Analyst Ratings for HIW
View the Latest Analyst Ratings

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

 

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