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Fly News Breaks for November 8, 2019
KRC
Nov 8, 2019 | 05:20 EDT
Goldman Sachs analyst Richard Skidmore initiated coverage of Kilroy Realty with a Buy rating and $94 price target. The analyst started eight New York and West Coast office real estate investment trusts. "Robust" employment growth, high occupancy and tight supply drive his preference for West Coast office REITs. Skidmore expects Kilroy's exposure to West Coast markets and its development pipeline to drive above-average funds from operations growth.
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