UPDATE: J.P. Morgan Lowers Price Target On Kilroy Realty To $41

According to J.P. Morgan, Kilroy Realty KRC price target is lowered to $41. J.P. Morgan said that it is publishing its updated KRC model and lowering the 2011 FFO/share estimate by $0.06 to $2.22 and lowering its 2012 FFO/share estimate a penny to $2.49. “We continue to rate shares of KRC Overweight. Despite a rough 2Q report, our 2012 FFO estimate did not come down significantly, which we view positively.” Kilroy Realty closed yesterday at $35.57.