Kilroy Realty upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded Kilroy Realty (KRC) to Overweight from Neutral with a price target of $49, up from $45. The firm made several rating changes in conjunction with its 2025 real estate investment trust and real estate services outlook. Over the course of 2025, leasing should improve in some of Kilroy’s core West Coast markets and could prompt a re-rating in the shares, the analyst tells investors in a research note. The firm says that while vacancies remain high in its markets, the market “has been quite aware of those risks already.”