As previously reported, BofA upgraded Kilroy Realty to Buy from Neutral with a price target of $44, up from $42. Leasing momentum is improving across Kilroy's markets, particularly in the San Francisco Bay area, with AI as the "driving force," the analyst tells investors. The firm, which calls Kilroy well positioned to continue benefiting from improving demand dynamics in its markets, notes that its raised price objective is now the "Street high."
