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Fly News Breaks for October 27, 2016
HIW
Oct 27, 2016 | 07:06 EDT
As noted earlier, Stifel upgraded Highwoods Properties to Buy from Hold. Analyst John Guinee says that the REIT's valuation is attractive compared with "Manhattan-centric office REITs" he covers. Additionally, he says that Highwoods has a 74% lease rate, "very accretive development pipeline,dependable FFO/FAD growth",and is cutting its general and administrative costs. Target to $55 from $53.
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