Truist analyst Ki Bin Kim downgraded Kimco Realty to Hold from Buy with a price target of $24, down from $25, following the stock’s "strong" performance in 2022 as major catalysts were realized. He remains neutral on retail REITs as a group, with a bias towards quality and essential, especially heading into a possible slowdown in the economy, Kim stated.
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Published first on TheFly
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Read More on KIM:
- Kimco Realty downgraded to Neutral from Buy at Mizuho
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- Kimco Realty price target raised to $26 from $23 at Citi
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