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Fly News Breaks for January 30, 2019
BXP
Jan 30, 2019 | 09:09 EDT
BMO Capital analyst John Kim raised his price target on Boston Properties to $135 after its Q4 results and increased FY19 FFO guidance by 1.5% to $6.94 mid-point. The analyst cites "quality drivers" behind the raise, with higher occupancy and lower interest expense coming from dispositions and refinancing. Kim keeps his Market Perform rating on Boston Properties but believes that the stock trades at a "modest discount" to fair valuation.