Compass Point Reiterates a 'Buy' on Howard Hughes Corp (HHC); Value Creation Becoming More Clear
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Price: $78.76 --0%
Rating Summary:
10 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
10 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Compass Point reiterates a 'Buy' on Howard Hughes Corp (NYSE: HHC) price target of $75.00.
Compass Point analyst said, "While we are reiterating our rating and price target on shares of HHC, we have increased conviction in the makeup of our NAV estimate and are placing a greater mix of future value in The Woodlands. After a full model update following the company’s 10-K release late last week, we now expect 20% of our $75 price target to come from the MPCs (up from 8% previously), fueled by much more activity at The Woodlands than previously estimated. Next week, we are hosting a residential and commercial property tour at The Woodlands and Bridgelands and expect to gain key insights into this all-important asset."
For an analyst ratings summary and ratings history on Howard Hughes Corp click here. For more ratings news on Howard Hughes Corp click here.
Shares of Howard Hughes Corp closed at $58.68 yesterday.
Compass Point analyst said, "While we are reiterating our rating and price target on shares of HHC, we have increased conviction in the makeup of our NAV estimate and are placing a greater mix of future value in The Woodlands. After a full model update following the company’s 10-K release late last week, we now expect 20% of our $75 price target to come from the MPCs (up from 8% previously), fueled by much more activity at The Woodlands than previously estimated. Next week, we are hosting a residential and commercial property tour at The Woodlands and Bridgelands and expect to gain key insights into this all-important asset."
For an analyst ratings summary and ratings history on Howard Hughes Corp click here. For more ratings news on Howard Hughes Corp click here.
Shares of Howard Hughes Corp closed at $58.68 yesterday.
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