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Fly News Breaks for December 11, 2018
KRC
Dec 11, 2018 | 08:07 EDT
Wells Fargo analyst Blaine Heck downgraded Kilroy Realty to Market Perform from Outperform and lowered his price target to $72 from $82. He believes that 2019 FFO estimates are too high, since in his view consensus is not attributing enough of an NOI headwind associated with downtime at known move-outs, is not factoring in recent debt issuance, and could be factoring in too much contribution from development deliveries, Heck tells investors.
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