Jefferies Upgrades Boston Props to Buy, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Peter Abramowitz upgraded Boston Properties (NYSE:BXP) from Hold to Buy and increased the price target from $57 to $80, indicating a positive outlook on the company's stock.
January 02, 2024 | 10:41 am
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Jefferies analyst Peter Abramowitz upgraded Boston Properties from Hold to Buy and raised the price target from $57 to $80, suggesting a bullish stance on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or potential for the company. The substantial increase in the price target from $57 to $80 by Jefferies reflects a strong conviction in the company's future performance, which could encourage investors to buy shares, driving up the price in the short term.
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