JPMorgan raised the firm’s price target on BXP to $66 from $62 and keeps an Underweight rating on the shares following a model update. The new estimates imply the company’s guidance and Street numbers in 2023 have upside, the analyst tells investors in a research note. The firm suspects BXP management has played it conservatively this year on the guidance front given the challenging office backdrop, but the numbers point to a beat/raise when it reports Q3.
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