Goldman Sachs resumed coverage of Boston Properties with a Neutral rating and $56 price target. The analyst believes the market recognizes the company’s high quality portfolio, and says relatively lower office leasing and employment growth, coupled with high current leverage may make significant multiple expansion tough to achieve.
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Published first on TheFly
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Read More on BXP:
- Boston Properties price target lowered to $57 from $74 at Piper Sandler
- Boston Properties price target raised to $86 from $82 at Truist
- Boston Properties cuts FY23 FFO view to $7.08-$7.18 from $7.15-$7.30
- Boston Properties reports Q4 FFO $1.86, consensus $1.84
- Boston Properties options imply 3.0% move in share price post-earnings