Morgan Stanley lowered the firm’s price target on Boston Properties to $52 from $67 and keeps an Equal Weight rating on the shares. The firm is reducing its Office REIT price targets by moving multiples lower closer to Great Financial Crisis levels, given elevated leverage, tightening lending condition and potential occupancy pressure in the next 12-18 months.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BXP:
- Boston Properties price target lowered to $66 from $79 at Evercore ISI
- Boston Properties downgraded to Equal Weight from Overweight at Barclays
- Boston Properties resumed with a Neutral at Goldman Sachs
- Boston Properties price target lowered to $57 from $74 at Piper Sandler
- Boston Properties price target raised to $86 from $82 at Truist