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.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.