RBC Capital analyst Michael Carroll upgraded Kilroy Realty (KRC) to Outperform from Sector Perform with a price target of $47, up from $40. The firm says the company “cleared its near-term hurdles” and should benefit more from the San Francisco office recovery. Kilroy is tracking good leasing activity at KOP2 and is slowly advancing its Flower Mart re-entitlements, the analyst tells investors in a research note.
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