Truist raises PT for Boston Properties, expects higher 2024 FFO

BXP

28/08/2024 13:35

** Truist Securities raises price target for Boston
Properties  BXP.N  to $77 from $67, maintains "hold" rating
     ** The new price target represents a 3.8% upside to the
stock's last close
    ** Truist expects higher 2024 funds from operations (FFO), 
driven by lower non-cash interest expense and higher lease
termination income
    ** Raises 2024 FFO estimate to $7.08 per share from $6.99
per share
    ** Seven of 22 brokerages covering the stock rate it "buy"
or higher, 14 "hold" and one "sell"; their median PT is $73 -
LSEG data

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))