BXP price target raised to $78 from $75 at Truist

Truist analyst Michael Lewis raised the firm’s price target on BXP to $78 from $75 but keeps a Hold rating on the shares. The analyst cites the company’s Q2 earnings beat but notes that other office REIT stocks may see as much or more upside, with generally above-average risk across the office sector. Truist adds that it is optimistic that BXP’s occupancy will begin to improve, but this has not happened yet.