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Fly News Breaks for September 10, 2019
BXP
Sep 10, 2019 | 06:28 EDT
Morgan Stanley analyst Vikram Malhotra upgraded Boston Properties to Equal Weight from Underweight with a price target of $126, up from $123. Valuations are more reasonable today in the New York City office real estate investment trust space following this year's underperformance, Malhotra tells investors in a research note. The analyst, despite seeing a low probability for New York City office fundamentals to turn positive, sees the potential for a near-term rally due to valuations.
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