Boston Properties price target raised to $65 from $58 at Barclays

Barclays raised the firm’s price target on Boston Properties to $65 from $58 and keeps an Equal Weight rating on the shares. The company raised 2023 guidance, but posted mixed leasing spreads in Q2, with volume down 50% year-over-year, the analyst tells investors in a research note. The firm increased the target to reflect a slight improvement in office real estate investment trust sentiment, but notes that the leasing environment remains tough.