As previously reported last night,Scotiabank downgraded BXP (BXP) to Sector Perform from Outperform with a price target of $85, down from $91, post-Q3 results. The firm now sees a longer occupancy recovery story negatively impacting 2025 earnings estimates and is now below the Street on 2025 FFOPS, noting that it estimates 2025 FFOPS growth of negative 2%.
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