Kimco Realty added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Steve Sakwa is adding Kimco Realty to the firm’s "Tactical Outperform" list ahead of Q1 earnings on April 27, noting that the stock has lagged the sector year-to-date, largely due to softer guidance for 2023, and arguing that the "valuation looks attractive." The firm has an In Line rating on Kimco shares. Evercore believes there is upside to guidance as bankruptcies have come in lighter than expected, which "should benefit the stock over the next few months."