I'm not aware of any studies that have looked specifically at the relationship between drysuit squeeze and blood pressure. My gut tells me that moderate suit squeeze would have little or no effect on overall blood pressure. If you're curious, however, you can research a little about factors influencing blood pressure. There's a complex interplay of stuff going on in the kidneys, endocrine system, autonomic nervous system, and circulatory system. It's not as simple as: you feel the drysuit squeeze in a certain part of your body so that must mean that all of the blood is being squeezed out of that body part and into your circulatory system leading to elevated blood pressure. I suppose that, theoretically, lower body squeeze could increase venous return to the heart. That might have some effects on the heart and lungs. However, since the squeeze will be transient (it's just not comfortable to dive like that for long periods of time), any effects would be short in duration and probably of little consequence.
If a diver is known to have high blood pressure in the first place, it's in his best interest to get together with his primary care physician and manage it somehow. Elevated blood pressure puts one at higher risk of stroke, aneurysm, heart failure, kidney dysfunction, and vision loss. There are a lot of medications, lifestyle modifications (diet/exercise), and alternative therapies that can be very effective in the treatment of hypertension.
It should be noted that not all high blood pressure is primary or "essential" hypertension. It is possible that some other medical condition is causing high blood pressure as a secondary effect. In this case, if the underlying condition is treated, then the blood pressure should normalize.