Kilroy Realty upgraded to Buy from Hold at Jefferies

Jefferies upgraded Kilroy Realty to Buy from Hold with a price target of $35, up from $34. The firm says that while the West Coast office recovery continues to lag, it sees “green shoots” emerging that suggest West Coast markets are improving. With the firm’s 2024 estimates 1.5% above consensus, it believes Kilroy’s risk/reward is “compelling at current levels.”