Goldman Sachs Resumes Boston Properties Inc. (BXP) at Buy

March 6, 2014 7:09 AM EST
Get Alerts BXP Hot Sheet
Price: $109.66 +1.71%

Rating Summary:
    20 Buy, 10 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 24 | New: 13
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Goldman Sachs resumes coverage on Boston Properties Inc. (NYSE: BXP) with a Buy rating and a price target of $130.00. Analyst Brad Burke notes improving development projects drive growth.

Burke said, "Underperformance appears overdone (4% under the RMZ over the past two years) as market conditions continue to improve around large development projects like Transbay, and investors have greater visibility on the long-term composition of company management. BXP has very attractive exposure to the five macro themes we note above." Catalysts cited include: (1) Quality continues to outperform, (2) Value through development, (3) Leasing up high quality assets.

For an analyst ratings summary and ratings history on Boston Properties Inc. click here. For more ratings news on Boston Properties Inc. click here.

Shares of Boston Properties Inc. closed at $112.99 yesterday.

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