Scotiabank lowered the firm’s price target on Kilroy Realty (KRC) to $37 from $38 and keeps an Underperform rating on the shares. The firm is updating its price targets for U.S. Real Estate & REITs stocks under its coverage ahead of the Q2 earnings season, the analyst tells investors. The firm is adjusting its estimates to reflect modest tweaks to occupancy and interest expense assumptions.
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