Kilroy Realty price target lowered to $38 from $39 at Wells Fargo

Wells Fargo analyst Blaine Heck lowered the firm’s price target on Kilroy Realty to $38 from $39 and keeps an Overweight rating on the shares. The firm continues to favor high-quality operators with strong balance sheets and significant exposure to the East Coast and Sunbelt markets as well as those with niche strategies and solid tenant activity.