Piper Sandler analyst Alexander Goldfarb last night upgraded BXP (BXP) to Overweight from Neutral with a price target of $105, up from $78. The firm thinks the rally in East Coast office peers has left BXP “looking too cheap.” Piper continues to see 2025 as a transitional year for BXP, but says leasing momentum “is clearly shifting.” BXP is now seeing leasing strength in D.C., not experienced since Sequestration over a decade ago, as new supply stops and tenants seek premium, well located buildings with strong financial sponsors, Piper contends.
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Read More on BXP:
- BXP upgraded to Overweight from Neutral at Piper Sandler
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