Truist lowered the firm’s price target on Kimco Realty (KIM) to $20 from $22 and keeps a Hold rating on the shares. The firm is updating its model after the company’s recent $500M debt offering announcement. Kimco still has net operating income upside from further occupancy gains and pipeline, but it is relatively less upside than companies such as Brixmor (BRX), the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on KIM:
- Kimco Realty price target lowered to $22 from $23.25 at Stifel
- Kimco Realty management to meet with Piper Sandler
- Kimco Realty upgraded to Equal Weight from Underweight at Wells Fargo
- Kimco Realty upgraded to Buy from Neutral at Mizuho
- Oracle upgraded, Farfetch downgraded: Wall Street’s top analyst calls