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Downgrade Alert for Boston Properties (BXP)

By Shiri Gupta

Boston Properties (NYSE:BXP) was downgraded from Outperform to Neutral at RW Baird today. The stock closed yesterday at $127.91 on volume of 1.0 million shares, above average daily volume of 968,000.

There is potential upside of 4.4% for shares of Boston Properties based on a current price of $127.91 and an average consensus analyst price target of $133.52. Boston Properties shares have support at the 50-day moving average (MA) of $121.06 and additional support at the 200-day MA of $118.27.

Boston Properties, Inc. is a real estate investment trust. The trust owns, manages, and develops office properties in the United States, with a significant presence in Boston, Washington, D.C., Midtown Manhattan and San Francisco.

In the past 52 weeks, shares of Boston Properties have traded between a low of $98.04 and a high of $129.61 and closed yesterday at $127.91, which is 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Boston Properties on October 9th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $118.97. Since that recommendation, shares of Boston Properties have risen 7.5%. We continue to monitor BXP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades boston properties

Ticker(s): BXP