UBS cuts price target for Boston Properties to $52 from $69 as it weighs impact of pressure from the lackluster office-space sector.
Boston Properties Inc. on Monday drew a sizeable price-target cut of $17 a share from UBS, partly due to the impact of downward pressure from the office-space market, although analysts said the real-estate investment trust remains resilient.
UBS analysts slashed their price target for Boston Properties BXP to $52 a share from $69 a share and reiterated a neutral rating on the stock. “We believe this is warranted due to the lack of visibility on a recovery of tenant demand for office space, a difficult macro environment with continued layoffs expected, and rising cap rates on office properties,” Goldsmith said. “Further, the financing environment for office properties remains difficult.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
UBS Christian Bluhm to continue as chief risk officerUBS said on Monday Christian Bluhm will continue as Group Chief Risk Officer for the 'foreseeable future' because of the Swiss bank's takeover of Credit Suisse .
Lire la suite »
Credit Suisse faced $69B in Q1 outflows, more than UBS market capCredit Suisse faced a staggering $69 billion of outflows in the first quarter, an amount that eclipses UBS's market cap
Lire la suite »
UBS investors’ M&A fears are easingOne question hanging over Chair Colm Kelleher’s Credit Suisse deal was whether there’d be many assets left by the time it closed. But the target’s outflows were smaller than they could have been, and the valuable local unit held up well. That buttresses shareholders’ confidence.
Lire la suite »
Austin woman with Down syndrome runs Boston MarathonKayleigh Williamson has run more than 20 half-marathons all over the country and is also the first person with Down syndrome to complete the Austin Marathon.
Lire la suite »
Philadelphia 76ers fans celebrate sweep against Brooklyn Nets, expect to take on Boston Celtics nextAs far as the second round goes, most fans this we'll be up against the Celtics.
Lire la suite »
Christian prayer warriors 'called' into Boston with plan to counter SatanConA group of Christians associated with Intercessors for America plan to gather at SatanCon 2023 in Boston this week to pray for the souls of those attending the satanic event.
Lire la suite »