Piper Sandler Reiterates Overweight Rating on Howard Hughes Holdings (HHH)

Piper Sandler analyst reiterated an Overweight rating and $95.00 price target on Howard Hughes Holdings (NYSE: HHH).

The analyst said: "g following the late 2H-targeted spin-off of Seaport Entertainment - reiterate OW. We recently hosted management for meetings with institutional investors, which emphasized the progress CEO David O'Reilly has achieved since taking the helm 4 years ago, bringing the focus on the MPCs, and post-pandemic, benefiting from the housing boon. The pending spin-off of The Seaport will rid HHH of its sole money-losing asset, which never fit in with the other MPCs. Land prices per acre continue to rise, while HHH's office handily outperforms its markets - a testament to the attractiveness of its amenity-rich MPCs. Unfortunately, we think the market has misunderstood Chairman Bill Ackman's recent decision to stepdown, which we believe is driven by his focus on other pursuits, and Pershing Square isn't selling. "

For an analyst ratings summary and ratings history on Howard Hughes Holdings click here. For more ratings news on Howard Hughes Holdings click here.

Shares of Howard Hughes Holdings closed at $66.75 yesterday.

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