Highwoods Properties "outperform," target price raised

08/13/09 - RBC Capital Markets

NEW YORK, August 13 (newratings.com) - Analysts at RBC Capital Markets reiterate their "outperform" rating on Highwoods Properties (HQS). The target price has been raised from $25 to $33.

In a research note published this morning, the analysts mention that the company continues to have a healthy liquidity and leverage position. Highwoods Properties is well positioned to weather the current economic crisis and experience better early cycle opportunities for growth going forward, the analysts add.