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.
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Published first on TheFly
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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