Douglas Emmett Inc. (DEI) PT Raised to $40 at Evercore ISI Following 1Q Report; FFO FY17 Guidance Raise on 'Another Strong Leasing Quarter'

Evercore ISI raised its price target on Douglas Emmett Inc. (NYSE: DEI) to $40.00 (from $39.00) while maintaining a Underperform rating, following the company's first quarter earnings report.

Analyst Steve Sakwa notes the company reported first quarter FFO that topped estimates by a penny and was in-line with consensus projections, supported by another robust leasing quarter, with cash spreads potentially accelerating, as management raised full year FFO guidance.

You May Also Be Interested In

• Goldman Sachs Starts Contemporary Amperex Technology Co Ltd (300750:CH) at Buy
• MarketAxess (MKTX) PT Lowered to $200 at UBS Following June Metrics Release
• ExxonMobil (XOM) PT Lowered to $170 at Mizuho