Piper Sandler lowered the firm’s price target on Hudson Pacific (HPP) to $4.50 from $5 and keeps a Neutral rating on the shares. The firm reduced estimates post the Q3 report, assuming a slower studio ramp than previously anticipated and further office pressure in the first half of 2025 until a “hopeful rebound” beginning in late 2025.
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Read More on HPP:
- Michael Burry Boosts His Bet on Chinese Stocks in Q3
- Hudson Pacific Properties’ Q3 2024 Financial Overview
- Hudson Pacific reports Q3 FFO 10c, consensus 11c
- Hudson Pacific sees Q4 FFO 9c-13c, consensus 13c
- Hudson Pacific Properties Reports Strong Leasing Activity
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