BTIG analyst Thomas Catherwood raised his price targets on Hudson Pacific (HPP) and Kilroy Realty (KRC) by $5 and $15 to $40 and $89 respectively as part of his broader research note into Office REITs. The analyst rates both REITs at a Buy and contends that the New York City office fundamentals are "better than the market thinks". Catherwood adds that the "goldilocks" scenario that he predicted for office REITs with NYC exposure remains "very much in play", even though he acknowledges that the west coast conditions for REITs with exposure in San Francisco, Seattle, and LA are "much stronger" and will likely remain that way.