Piper Sandler raised the firm's price target on Douglas Emmett (DEI) to $20 from $16 and keeps a Neutral rating on the shares. The firm sees the pre-election transaction pause giving way to a resumption of decision-making, whether leasing, capital markets, fund-raising, etc. Piper believes the direction of interest rates remains critical.

Douglas Emmett Reports Mixed Q3 Results Amid Leasing Growth

Douglas Emmett reports Q3 FFO 43c, consensus 41c

Douglas Emmett sees FY24 FFO $1.69-$1.73, consensus $1.68

Douglas Emmett (DEI) Q3 Earnings Cheat Sheet

Douglas Emmett price target raised to $16 from $14 at Citi