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Fly News Breaks for November 26, 2019
BXP
Nov 26, 2019 | 08:32 EDT
SunTrust analyst Michael Lewis raised his price target on Boston Properties to $150 after its "small" Q3 earnings beat and citing the company's 5-year FFO growth rate among the highest in his office REIT universe. The analyst is keeping his Hold rating on the stock however, saying its valuation is at the highest for expected 2019 FFO & FAD multiples while its 13% discount to NAV is "considerably narrower than many CBD office peers".
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