UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Kilroy Realty Corp. on Continued Positive Outlook

In a report published Tuesday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on

, and raised the price target from $58.00 to $63.00. In the report, Deutsche Bank noted, “Still see upside in the shares. We think KRC's 1Q results were a positive reflection of the strong fundamental momentum currently underway in their core markets. S.F., in particular, continues to impress with demand for large block space (>100ksf) exceeding supply and with technology-tenants continuing to take space. Though our updated price target does not suggest substantial upside from current trading levels, we remain positive on KRC as we see continued NAV growth over the coming quarters as largely fully-leased developments come on line and given the potential for additional development start announcements.” Kilroy Realty Corp. closed on Monday at $60.60.