BXP price target lowered to $85 from $90 at BofA

BofA analyst Jeffrey Spector lowered the firm’s price target on BXP (BXP) to $85 from $90 and keeps a Buy rating on the shares. BXP Q1 earnings missed the Street by 1c, but results were in line with BXP’s Q1 guidance and the company maintained its 2025 guidance midpoint, the analyst tells investors. The firm made no major changes to its estimates after updating its model for earnings, but does apply a 5% discount to BXP given heightened macroeconomic uncertainty.