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Fly News Breaks for January 9, 2019
BXP
Jan 9, 2019 | 07:03 EDT
BTIG analyst Thomas Catherwood upgraded Boston Properties to Buy with a price target of $130, saying the company's management has transformed its footprint with expansion in high-growth markets like San Francisco and "rationalized" its presence in slower markets like DC and New York. The analyst sees Boston Properties as "well positioned" to benefit from strong rent growth in San Francisco and Los Angeles as well as "incrementally positive" fundamentals in New York City.
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