UPDATE: Credit Suisse Reiterates Raises PT On Boston Properties On Updated Estimates

In a report published Wednesday, Credit Suisse analyst Ian Weissman reiterated an Outperform rating on

, 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.