BofA analyst Camille Bonnel lowered the firm’s price target on Hudson Pacific (HPP) to $4 from $4.50 and keeps an Underperform rating on the shares. Office REITs delivered seven beats and four meets in Q2 with no misses, recaps the analyst, who notes that the firm makes limited estimate changes for most, except those with West Coast exposure. For Douglas Emmett (DEI), Hudson Pacific and Vornado (VNO) the firm makes “significant estimate changes” and notes that its 2025 FFO estimates are now below the Street by 11%, 49% and 12%, respectively.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPP:
- Hudson Pacific downgraded to Peer Perform from Outperform at Wolfe Research
- Piper Sandler downgrades Hudson Pacific to Neutral, lowers price target to $6
- Hudson Pacific downgraded to Neutral from Overweight at Piper Sandler
- Hudson Pacific downgraded to Market Perform from Outperform at BMO Capital
- Hudson Pacific sees Q3 FFO 8c-12c