Boston Properties price target lowered to $85 from $95 at Mizuho

Mizuho analyst Vikram Malhotra lowered the firm’s price target on Boston Properties to $85 from $95 and keeps a Buy rating on the shares. Office real estate investment trusts could see a bear market rally in 2023, "and we would play it through the East Coast," Malhotra tells investors in a research note. After the sub-sector declined 35% in 2022, the analyst now sees a more balanced risk/reward for the space.