Jefferies Raises Numbers on Boston Properties (BXP)

Jefferies adjusted estimates and lifted its price target on Boston Properties Inc. (NYSE: BXP) from $89 to $95 but maintained a Hold rating.

The firm comments, "We believe BXP is on a strong multi-year earnings growth trajectory as its development assets lease-up in an improving office market in New York City, Boston and Silicon Valley/San Francisco. BXP's strong balance sheet should also support accretive acquisitions. That said, 2012 is somewhat of a transition year, and valuation appears full in our view."

FY12 EPS goes from $4.72 to $4.77 and FY13 goes from $5.18 to $5.16.

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 $104.47 yesterday.

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