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Fly News Breaks for October 27, 2016
BXP
Oct 27, 2016 | 07:10 EDT
As noted earlier, Stifel downgraded Boston Properties to Hold from Buy. Analyst John Guinee says he's becoming "increasingly concerned" about the Manhattan office market, and he believes that Boston Properties' valuation is "very high." The analyst says that the REIT also has "limited ability to raise rents" and "a steady stream of upcoming vacancies." Target to $120 from $140.
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