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Fly News Breaks for March 9, 2018
HIW
Mar 9, 2018 | 07:18 EDT
As reported earlier, SunTrust analyst Michael Lewis upgraded Highwoods Properties to Buy from Hold while keeping his $51 price target. Lewis states that the stock is supported by a low-levered balance sheet, a favorable geography, a well-leased development pipeline, and a compelling valuation. Given the company's growth profile, the analyst contends that the NAV discount of 9% is "relatively narrow", but still wider than where it "should trade".
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