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Highwoods Properties price target lowered to $30 from $34 at Morgan Stanley

Trading Now: Highwoods Properties price target lowered to $30 from $34 at Morgan Stanley

Morgan Stanley analyst Ronald Kamdem lowered the firm’s price target on Highwoods Properties to $30 from $34 and keeps an Overweight rating on the shares. Office real estate investment trusts face headwinds from interest expense, higher operating expenditures and tenant move outs in 2023, which he expects to be “a year of transition,” Kamdem tells investors in sector note.

Published first on TheFly

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