UPDATE: Cantor Fitzgerald Upgrades Kilroy Realty to Hold on Share Pullback
Cantor Fitzgerald raised its rating on Kilroy Realty (NYSE: 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.
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