Jefferies initiated coverage of BXP (BXP) with a Buy rating and $78 price target Continued return to office trends and a more deregulated business environment are long-term tailwinds for an office recovery, but net absorption should remain negative through 2026, the analyst tells investors while launching coverage of the Office REIT sector. Given ongoing structural challenges, the firm remains selective and is “leaning into sustainable occupancy/earnings growth stories,” the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BXP:
- BXP price target lowered to $79 from $89 at Barclays
- BXP completes formation of $400M JV to develop 290 Coles Street in Jersey City
- BXP price target lowered to $83 from $85 at Scotiabank
- Boston Properties’ Earnings Call Highlights Growth Amid Challenges
- BXP price target lowered to $100 from $105 at Piper Sandler
Questions or Comments about the article? Write to editor@tipranks.com