Yahoo Finance

Scotiabank lowered the firm’s price target on Hudson Pacific (HPP) to $3 from $4 and keeps a Sector Perform rating on the shares. The firm is updating its estimates ahead of Q4 earnings and FY25 guidance to reflect recent financing/investing activity, the analyst tells investors. While the company continues to work through large near-term office vacancies and improving its cash position, the firm now expects bigger earnings drag in 2025-2026.

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Read More on HPP:

• Hudson Pacific price target lowered to $10 from $11 at BTIG

• HPP Earnings Report this Week: Is It a Buy, Ahead of Earnings?

• Hudson Pacific sells Los Angeles office property for $46M

• Hudson Pacific reports properties, equipment undamaged in Los Angeles

• Hudson Pacific price target lowered to $3 from $5 at Mizuho