Mizuho downgraded Kimco Realty (KIM) to Neutral from Outperform with a price target of $23, up from $20. The analyst cites valuation for the downgrade and sees better opportunity in shares of Regency Centers (REG).
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Read More on KIM:
- Kimco Realty upgraded to Strong Buy from Market Perform at Raymond James
- Kimco Realty® Reaches Full Allocation on $500M Green Bond
- Kimco Realty price target raised to $23 from $21 at Baird
- Kimco Realty raises 2024 FFO view to $1.60-$1.62 from $1.56-$1.60
- Kimco Realty reports Q2 FFO 41c, consensus 40c