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BTIG sees demand recovery for HPP’s studio business, sets target price at US$11 with Buy rating
Summary
BTIG upgraded its price target on REIT firm Hudson Pacific to US$11, the highest price target among all brokers as per Refinitiv data. The new price target reflects an upside potential of 63.2% over the stock’s closing price on Tuesday.
As per Refinitiv, HPP has a mean recommendation rating of 2.8 on a scale of one to five. Here, one indicates a ‘strong buy’ rating while five stands for a ‘strong sell' rating. The consensus mean price target is US$7.23, an upside potential of 7.27% over Tuesday’s closing price.
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