BMO Capital analyst John Kim lowered the firm’s price target on BXP (BXP) to $84 from $86 and keeps an Outperform rating on the shares. The presentations in the company’s Investor Day were “informative, but incremental”, the analyst tells investors in a research note. BMO adds that while the management appeared more optimistic on occupancy growth, with supporting evidence, its recent earnings also contained a dividend cut.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BXP:
- BXP price target raised to $90 from $80 at Piper Sandler
- Boston Properties, Inc.: Balancing Growth Potential and Suburban Challenges with a Hold Rating
- BXP downgraded to In Line from Outperform at Evercore ISI
- Strategic Growth and Optimism Drive Buy Rating for BXP Amidst Market Shifts
- BXP cuts quarterly dividend to 70c from 98c per share