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Douglas Emmett price target raised to $20 from $16 at Piper Sandler
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Piper Sandler raised the firm’s price target on Douglas Emmett (DEI) to $20 from $16 and keeps a Neutral rating on the shares. The firm sees the pre-election transaction pause giving way to a resumption of decision-making, whether leasing, capital markets, fund-raising, etc. Piper believes the direction of interest rates remains critical.
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