By: Benzinga
UPDATE: Jefferies Upgrades Highwoods Properties to Buy on Rent Spread and Occupancy Growth
Jefferies upgraded Highwoods Properties, Inc. (NYSE: HIW ) from Hold to Buy and raised the price target from $35.00 to $40.00. Jefferies noted, "Highwoods should be a beneficiary of improving suburban office fundamentals and will likely benefit from 1) positive rent spreads as leases signed in the trough roll in
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