Kilroy Realty upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Kilroy Realty (KRC) to Overweight from Equal Weight with a price target of $44, up from $42. The firm anticipates the company’s occupancy will trough in 2025 and nascent leasing momentum will result in improving operating metrics. From current trading levels, nearly any positive development could catalyze a re-rating in Kilroy Realty shares, the analyst tells investors in a research note. Barclays believes the 15% year-to-date selloff in the shares presents the opportunity to gain exposure to a “high quality portfolio at a low valuation.”