Boston Properties suffers downgrades

KeyBanc downgraded Boston Properties to “underweight’’ and set a $90 price target for the stock. Despite a “fortress balance sheet and high quality office portfolio,’’ the stock price appears excessive and earnings growth not as impressive as it might be, KeyBanc’s analysts said. In addition, RBC Capital cut the stock to “sector perform’’ from “outperform,’’ and Barclays Capital cut its price target to $108, with an “overweight’’ rating.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of