Kilroy Realty price target lowered to $35 from $40 at BofA

BofA lowered the firm’s price target on Kilroy Realty to $35 from $40 and keeps a Neutral rating on the shares. Challenging fundamentals are “the new norm” for office REITS, says the firm, which cites a lack of visibility on when operations will stabilize in its downgrade of three other office REITS.