Downgrade Alert for Boston Properties (BXP)
Boston Properties (NYSE:BXP) was downgraded from Buy to Neutral at ISI Group today. The stock closed yesterday at $109.70 on volume of 856,000 shares, below average daily volume of 1.2 million.
Over the past year, Boston Properties has traded in a range of $99.23 to $117.00 and closed yesterday at $109.70, 11% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
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.
There is potential upside of 9.1% for shares of Boston Properties based on a current price of $109.70 and an average consensus analyst price target of $119.68. The stock should find initial support at its 50-day moving average (MA) of $108.65 and further support at its 200-day MA of $106.73.
SmarTrend is monitoring the recent change of momentum in Boston Properties. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Boston Properties in search of a potential trend change.
Keywords: analyst upgrades/downgrades boston properties