Highwoods Properties price target raised to $33 from $29 at Truist

Truist raised the firm’s price target on Highwoods Properties to $33 from $29 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm is reducing its FY25 FFO view by 4c to $3.55 but raising its price target on expectation of an occupancy and earnings inflection for the REIT early next year. The analyst also notes that the likely Fed interest rate cuts should further help funding costs.