BMO Backs Boston Properties’ (BXP) Premium Strategy with Raised Price Target

Boston Properties Inc. (NYSE:BXP) is one of Goldman Sachs’ top REIT stock picks. On June 23, BMO Capital reiterated its Outperform rating for BXP, a $12.7 billion office REIT, and raised its price target to $86. The firm pointed to the company’s strategic portfolio shift toward upscale developments and selective asset sales, while trimming its exposure to suburban properties—moves that support premium rental growth.

BMO Backs Boston Properties’ (BXP) Premium Strategy with Raised Price Target

Boston Properties is focusing its development in East Coast markets and leveraging its assets to align with emerging trends in artificial intelligence. BMO’s insights stem from recent investor meetings with the REIT’s executive team in the UK and Europe, highlighting continued confidence in the firm’s long-term positioning.

Boston Properties Inc. (NYSE:BXP) is a real estate investment trust (REIT) focused on developing, acquiring, and managing Class A commercial properties. Headquartered in Boston, the company operates across key U.S. markets including Boston, New York, San Francisco, and Washington, D.C.

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Disclosure: None. This article is originally published at Insider Monkey.