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Fly News Breaks for June 1, 2018
HIW
Jun 1, 2018 | 07:21 EDT
As previously reported, Stifel analyst John Guinee upgraded Highwoods Properties to Buy from Hold as he believes the macro environment is changing to the positive for REITs. Uncertainty in Italy and Southern Europe could result in lower interest rates and a risk-off mentality while global growth is likely taking a pause, all of which may help raise interest in hard asset real estate and REITs, argues Guinee. He raised his price target on Highwoods to $53 from $46.
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