Analyst Reiterates Buy on Howard Hughes Holdings, Keeps $95 Price Target Unchanged Amid Strong FCF and Operating Asset Momentum

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2026.05.07 22:35
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BMO Capital analyst John Kim has reiterated a Buy rating on Howard Hughes Holdings, maintaining a price target of $95. He cites strong free cash flow and positive momentum in operating assets as key factors. Despite expected near-term earnings softness due to lighter land sales, Kim notes improved performance in same-store NOI and rising pre-sales. He emphasizes management's long-term goals for double-digit FCF growth and significant land value appreciation as reasons for his optimistic outlook.