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Fly News Breaks for August 10, 2018
HHC
Aug 10, 2018 | 08:03 EDT
Jefferies analyst Omotayo Okusanya says Howard Hughes' investment thesis remains intact despite the "soft" Q2 results. The post-earnings stock selloff "seems overdone" as the earnings miss was either timing related or due to one-off items, Okusanya tells investors in a research note. The analyst sees "strong longer-term growth given the strong pre-leasing in condo towers under development." He reiterates a Buy rating on Howard Hughes and reduced his price target for the shares to $160 from $170.
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