Target & Yahoo Get Price Bumps, Strong Start for Boston Properties

Target, Yahoo, and Boston Properties updates in today's Analysts' Actions. Target (TGT) got its price target raised at Jefferies to $59 from $55. The firm reiterated its HOLD rating and said it raised the company's price target because of the upcoming holiday season. Yahoo's (YHOO) price target was increased to $55 from $48 at Bank of America following its $640 million acquisition of digital video advertising platform BrightRoll, in an effort to boost revenue. The new target is about a 14% increase from the stock's previous close. Boston Properties (BXP) was initiated with an OUTPERFORM rating and added to the Focus List at Credit Suisse. The price target was set at $147. The firm said the valuation does not reflect the strong demand for company's trophy assets and went on to praise the company's management team saying it is 'best in class.'