Morgan Stanley raised the firm’s price target on Hudson Pacific to $8 from $4 and keeps an Equal Weight rating on the shares. While 23% rally since October was driven by higher levered REITs, Morgan Stanley sees another leg higher with rate-sensitive sectors leading, the analyst tells investors in a research note. The firm views the office REIT rally as on its last leg, and sees potential benefits to storage REITs if home sales rise.
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- Hudson Pacific jumps 8% after appointing Blackstone’s Michael Nash to Board
- Hudson Pacific announces Blackstone’s Michael Nash appointed to board
- Hudson Pacific price target raised to $11 from $10 at BMO Capital
- Hudson Pacific upgraded to Neutral from Sell at Goldman Sachs
- Hudson Pacific downgraded to Underperform at BofA on challenging fundamentals
