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

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Boston Properties Closes New York City Property Refinance

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

Jun 2017Goldman SachsReinstatesNeutral
Jan 2017Deutsche BankDowngradesBuyHold
Jan 2017RBC CapitalUpgradesOutperformTop Pick

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


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