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UPDATE: Jefferies Upgrades Boston Properties on 'Glimmers of Hope'

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In a report published on Monday, Jefferies analyst Omotayo Okusanya upgraded Boston Properties (NYSE: BXP) from Underweight to Hold and raised the price target from $112 to $113.

In the report, Jefferies stated, "With the economy beginning to show real signs of improvement, we would expect to see office landlords, particularly those in CBD markets like NYC, Boston, and San Francisco, benefit from higher rents and occupancies. As such, we are moving to a Market Weight on Office from Underweight. We maintain a preference to niche office sectors (e.g. BMR) but are now neutral in regards to CBD (vs. our suburban preference previously)."

Boston Properties closed on Friday at $101.94.

Latest Ratings for BXP

DateFirmActionFromTo
Jan 2017Deutsche BankDowngradesBuyHold
Jan 2017RBC CapitalUpgradesOutperformTop Pick
Dec 2016KeyBancDowngradesOverweightSector Weight

View More Analyst Ratings for BXP
View the Latest Analyst Ratings

Posted-In: Jefferies Omotayo OkusanyaAnalyst Color Price Target Analyst Ratings

 

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