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Fly News Breaks for September 9, 2015
BXP
Sep 9, 2015 | 07:43 EDT
As noted earlier, Stifel upgraded Boston Properties to Buy from Hold. The firm says that investor sentiment appears to have bottomed, and it predicts that REITs could benefit from an upcoming rally in low-risk equities. Stifel adds that the valuation of the REIT's holdings is impressive, while its development pipeline is expected to generate a 7% average stabilized yield and it has "a deep and talented team." Target $120.
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