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Fly News Breaks for November 23, 2018
BXP
Nov 23, 2018 | 08:39 EDT
SunTrust analyst Michael Lewis nudged his price target on Boston Properties lower to $135 from $137 and kept his Hold rating, citing his model changes after the REIT's in-line Q3 results and FY19 guidance. The analyst anticipates a 5% annual FFO growth for the next 5 years and sees its current valuation discount to net asset value as narrower than some of its peers. Lewis adds that he likes Boston Properties' growth outlook, but its valuation is keeping him at neutral.
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