BXP price target raised to $86 from $85 at BMO Capital

BMO Capital analyst John Kim raised the firm’s price target on BXP (BXP) to $86 from $85 and keeps an Outperform rating on the shares after meeting with its management team. The company is focusing on moving its portfolio further upscale through developments and select asset sales while de-emphasizing the suburbs, the analyst tells investors in a research note. Developments are focused on the East Coast, while San Francisco continues to recover, the firm added.