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Downgrade Alert for Boston Properties (BXP)

By James Quinn

Boston Properties (NYSE:BXP) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $119.78 on volume of 1.5 million shares, above average daily volume of 592,000.

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.

Boston Properties (NYSE:BXP) has potential upside of 19.2% based on a current price of $119.78 and analysts' consensus price target of $142.76. The stock should find initial resistance at its 200-day moving average (MA) of $121.71 and further resistance at its 50-day MA of $125.28.

In the past 52 weeks, shares of Boston Properties have traded between a low of $94.91 and a high of $144.02 and closed yesterday at $119.78, which is 26% above that low price. The 200-day and 50-day moving averages have moved 0.08% higher and 1.09% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Boston Properties on October 5th, 2016 by issuing a Downtrend alert when the shares were trading at $130.11. Since that call, shares of Boston Properties have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades boston properties

Ticker(s): BXP