JPMorgan analyst Anthony Paolone upgraded BXP (BXP) to Overweight from Neutral with an unchanged price target of $83. The company is “winning the foot race when it comes to leasing” commercial real estate, which could be the most important performance indicator investors will watch to drive office stocks, the analyst tells investors in a research note. The firm says BXP’s large portfolio, which covers key coastal markets on both the East and West Coasts, is preferable right now.
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