Boston Properties price target lowered to $70 from $82 at Argus

Argus lowered the firm’s price target on Boston Properties to $70 from $82 but keeps a Buy rating on the shares. The company’s Q1 top-line growth was "solid" while its management is increasing its focus on growth areas such as life-science buildings and co-working spaces, the analyst tells investors in a research note. The recent decline in Boston Properties also provides a favorable entry point as shares also carry an above-peer-average dividend yield of about 7.4%, Argus added.