Sandler O'Neill analyst Alexander Goldfarb upgraded Hudson Pacific Properties to Buy from Hold, stating that the company's Q4 earnings call made him feel "much better" about Hudson's ability to drive sustained earnings growth. Following significant dispositions and some large tenant move-outs over the prior two years, it looks like this year's only "negative" is the potential for a $300M unsecured issuance to address some debt proactively, Goldfarb said. He increased his 2019 and 2020 FFO estimates and raised his price target on the stock to $38 from $31.