Scotiabank upgraded Kilroy Realty (KRC) to Sector Perform from Underperform with a price target of $47, up from $40, after touring the San Francisco market. The firm noticed a “healthy improvement “in street cleanup in the Financial District and SoMa versus recent years. The analyst now expects Kilroy to continue making progress on its remaining lease expirations through 2027. However, the company’s new leasing volume still needs to improve outside the San Francisco Bay Area to benefit total occupancy, the analyst tells investors in a research note.
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Read More on KRC:
- Kilroy Realty upgraded to Sector Perform from Underperform at Scotiabank
- Kilroy Realty price target raised to $46 from $42 at Evercore ISI
- Kilroy Realty downgraded to Equal Weight from Overweight at Barclays
- Kilroy Realty price target raised to $40 from $37 at Scotiabank
- Kilroy Realty downgraded to Sell from Neutral at Goldman Sachs