UPDATE: Mizuho Securities Assumes Hudson Pacific Properties (HPP), Downgrades to Underperform

Mizuho Securities analyst Vikram Mallhotra downgraded Hudson Pacific Properties (NYSE: HPP) from Neutral to Underperform with a price target of $24.50 (from $29.00).

The analyst comments "HPP has high execution risk – with the largest lease expiration profile in our office coverage – and several markets could face a slower recovery in fundamentals."

For an analyst ratings summary and ratings history on Hudson Pacific Properties click here. For more ratings news on Hudson Pacific Properties click here.

Shares of Hudson Pacific Properties closed at $25.02 yesterday.

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