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Fly News Breaks for December 4, 2015
HPP
Dec 4, 2015 | 07:43 EDT
Morgan Stanley upgraded Hudson Pacific to Overweight with a $34 price target on shares. Analyst Vance Edelson said recent shares underperformance related to San Francisco's tech scare and Blackstone's stake is unwarranted. Edelson said demand remains robust, rent growth strong, and Blackstone is unlikely to trim its 45% stake.
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