BXP price target raised to $91 from $82 at Scotiabank

Scotiabank raised the firm’s price target on BXP (BXP) to $91 from $82 and keeps an Outperform rating on the shares. The recent $3.5B financing for Rockefeller Center in Midtown Manhattan is the largest commercial mortgage-backed security deal of the year in the U.S. and solidifies the value of premier New York City office assets, the analyst tells investors. The firm believes improvements to the NYC lending market will benefit BXP.