UPDATE: Mizuho Securities Initiates Coverage On Boston Properties As Best-In-Class REIT

In a report published Monday, Mizuho Securities analyst Richard Anderson initiated coverage on Boston Properties, Inc. (NYSE: BXP) with a Buy rating and $144.00 price target.

In the report, Mizuho Securities noted, “We are initiating coverage of BXP with Buy rating and a price target of $144. We view BXP as a best-in-class REIT on several measures, including asset quality, its development/leasing acumen, exclusive exposure in barrier markets, and a deep management bench. The Class A office portfolio is located in four markets: New York/Princeton (40% of the portfolio), Boston (30%), the Washington DC metro area (20%), and San Francisco Bay Area (11%). The risks are the stock is expensive by some measures, while a reliance on the technology industry is key factor behind the value creation.”

Boston Properties closed on Friday at $126.34.

Latest Ratings for BXP

Nov 2014	Mizuho Securities	Initiates Coverage on		Buy
Nov 2014	Credit Suisse	Initiates Coverage on		Outperform
Oct 2014	Barclays	Maintains		Overweight

View More Analyst Ratings for BXP
View the Latest Analyst Ratings

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