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More losses for Boston Properties as Stifel downgrades

Oct. 27, 2016 9:50 AM ETBoston Properties, Inc. (BXP) StockBXPBy: Stephen Alpher, SA News Editor
  • Along with much of the rest of the REIT sector, Boston Properties (NYSE:BXP) has been in a downtrend since about Labor Day, in part thanks to a sharp rise in interest rates.
  • The stock fell yesterday despite the company reporting an inline quarter and boosting full-year FFO guidance to $5.97-$5.99 per share from $5.92-$5.99.
  • Nevertheless, Stifel bails, downgrading to Hold from Buy. Shares are down 2.6% today.

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