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In a report published Wednesday, Credit Suisse analyst Ian Weissman reiterated an Outperform rating on
Boston PropertiesBXP, and raised the price target from $142.11 to $143.00.
In the report, Credit Suisse noted, “We are increasing our PT to $143 from $142, and maintaining our Outperform rating. Our PT prior to the special dividend was $147, but then fell by ~$5/sh after adjusting out NAV lower by ~$800mn for the $4.75/sh special dividend. The slight increase in PT today reflects the minor positive offset from BXP retaining more capital than expected which had no impact on our NAV but a modest benefit to our DCF.”
Boston Properties closed on Tuesday at $131.02.
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