Kilroy Realty price target lowered to $45 from $47 at KeyBanc

KeyBanc lowered the firm’s price target on Kilroy Realty to $45 from $47 and keeps an Overweight rating on the shares. The firm notes results in the quarter were mixed as leasing improved, though earnings guidance came in marginally below expectations. Overall, although 2024 guidance came in below the Street, the stock remains undervalued relative to its historical average, in KeyBanc’s view.