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Evercore ISI has increased its price target for Boston Properties (BXP) to $62 from $60, maintaining an 'In Line' rating on the stock. The upward revision follows a robust first-quarter performance where the company reported funds from operations (FFO) of $1.59 per share. Furthermore, management has raised its fiscal 2026 FFO guidance and occupancy targets, citing stronger-than-expected portfolio operations. Analysts pointed to the company's resilient operational execution as a key driver for the improved outlook. This positive adjustment highlights the company's stability within the REIT sector despite broader market volatility. Investors are closely monitoring the firm's ability to maintain high occupancy levels in its premium office spaces through 2026.
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