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Fly News Breaks for December 31, 2019
HHC
Dec 31, 2019 | 09:12 EDT
BWS Financial analyst Vahid Khorsand said Howard Hughes' (HHC) acquisition of office towers and a warehouse property in The Woodlands from Occidental Petroleum (OXY) shows the type of "opportunistic and strategic approach" that affirms his thesis of the value creation at the company. The analyst, who does not think the recent advance in Howard Hughes shares fully reflects the "cash flow power" of the company's portfolio, keeps a Buy rating on the stock.
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