Boston Properties price target raised to $64 from $56 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Boston Properties to $64 from $56 but keeps a Neutral rating on the shares. The analyst is citing the flow-through on earnings estimates from the REIT’s Q2 FFO beat, though this is offset in future years by slower assumed occupancy improvement and higher interest expense, the analyst tells investors in a research note. Goldman Sachs is boosting its FY23 EPS by 11c to $7.34 but cuts its FY24 view by 12c to $7.35.