UPDATE: Cantor Fitzgerald Upgrades Kilroy Realty to Hold on Share Pullback

Cantor Fitzgerald raised its rating on Kilroy Realty KRC from Sell to Hold. Cantor Fitzgerald noted, "We expect that Kilroy's strengthening submarkets, leasing acumen, and accretive development/acquisition activity should provide positive momentum into 2013. The stock underperformed throughout 3Q:12, trading down -6.8%, versus a positive return of +1.2% amongst office peers, and +0.5% for REITs overall; the performance gap has created a relative opportunity to grow modestly more positive on the name from our prior position." Kilroy Realty closed at $44.57 on Monday.