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Fly News Breaks for June 1, 2018
HHC
Jun 1, 2018 | 09:15 EDT
Sandler O'Neill analyst Alexander Goldfarb upgraded Alexander Goldfarb to Buy from Hold with a $150 price target. The analyst sees an attractive entry point with the stock off 10% since its early April 52-week high of $140. The combination of Houston's recovery, fueled by rebound in oil prices, and the opening of the Seaport this summer means Howard Hughes is likely to have more positive headlines over the next few quarters, Goldfarb tells investors in a research note. Further, the continued launch of new developments across its portfolio contributes to the growing net asset value, which is now $173 per share, the analyst adds.
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