2023-03-21 04:54:20 HPP Hudson Pacific
03/21/23 03/2104:54 03/21/2304:54 | Hudson Pacific price target lowered to $8 from $12 at Piper SandlerPiper Sandler lowered the firm's price target on Hudson Pacific to $8 from $12 and keeps a Neutral rating on the shares. The analyst says fear is driving "depressed valuations" in the office real estate investment trust sector as debt and equity buyers have become adverse to new investment. Sponsorship once again has taken prominence for transactions, while the absence of private equity stepping forward despite what seems like active yields "emphasizes the uncertainty that now exists," the analyst tells investors in a research note. |
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