Barclays downgraded Kilroy Realty (KRC) to Equal Weight from Overweight with an unchanged price target of $43. The firm cites valuation for the downgrade following the stock’s recent outperformance. Improving West Coast office demand and anticipated higher leasing volume are now reflected in the share price, making Kilroy fairly valued, the analyst tells investors in a research note.
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Read More on KRC:
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