BXP price target lowered to $75 from $77 at Truist

Truist analyst Michael Lewis lowered the firm’s price target on BXP to $75 from $77 and keeps a Hold rating on the shares. The firm is updating its model to reflect its expectations of higher-for-longer interest rates, the analyst tells investors in a research note. While the REIT offers a high-quality portfolio and platform, it does not necessarily offer superior near-term growth for the relative stock price premium to the deepest value stocks in the sector, the firm added.