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Fly News Breaks for January 3, 2017
KRC
Jan 3, 2017 | 08:01 EDT
As noted earlier, RBC Capital downgraded Kilroy Retail to Sector Perform from Outperform. As reasons for the downgrade, analyst Michael Carroll cited valuation and his belief that the company's recent leasing success is already reflected in the shares. He adds that San Francisco office market trends "are moderating." Target to $80 from $82.
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