BMO Capital upgraded Kilroy Realty (KRC) to Market Perform from Underperform with a price target of $44, up from $40, after meeting with management. The firm believes Kilroy will benefit at KOP2 with a “highly impressive” finished product in a submarket expected to have increased leasing momentum. The San Francisco mayor is pro-business, which will provide valuable optionality for Flower Mart, the analyst tells investors in a research note.
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