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D.A. Davidson Raises Price Target On Boston Properties On Extremely High Valuations


In a report published Friday, D.A. Davidson analyst Barry Oxford reiterated a Neutral rating on Boston Properties (NYSE: BXP), and raised the price target from $140.00 to $145.00.

In the report, D.A. Davidson noted, “Boston Properties reported fourth quarter results of $1.26 FFO per share, even with consensus and three pennies below our forecast of $1.29 (one time charge for early extinguishment of debt). FFOPS is down from $1.29 in the same quarter last year and from $1.47 last quarter. Full-year FFO was $5.26, compared with $4.91 in 2013.”

Boston Properties closed on Thursday at $143.44.

Latest Ratings for BXP

Aug 2019MaintainsNeutral
Jun 2019MaintainsUnderweight
Apr 2019UpgradesSector WeightOverweight

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Posted-In: Barry Oxford D.A. DavidsonAnalyst Color Price Target Analyst Ratings


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