Scotiabank Raises Price Target on Boston Properties
Analysts See Growth Potential
Market Update
Scotiabank has increased its price target on shares of Boston Properties (NYSE:BXP) from $74.00 to $76.00. The analysts at Scotiabank believe that the company's strong fundamentals and growth potential warrant a higher valuation.
Boston Properties is a real estate investment trust (REIT) that owns, develops, and manages office and residential properties in the United States. The company has a strong track record of growth, and its portfolio of properties is well-located in major markets. Scotiabank analysts believe that Boston Properties is well-positioned to continue its growth in the future.
The analysts at Scotiabank also noted that Boston Properties has recently signed a new lease with Bain Capital for approximately 378,000 square feet of space. This lease is a sign of the strong demand for office space in Boston, and it is expected to contribute to Boston Properties' future growth.
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