Kimco Realty price target lowered to $21 from $22 at Mizuho

Mizuho lowered the firm’s price target on Kimco Realty to $21 from $22 and keeps a Neutral rating on the shares. Shopping center real estate investment trusts posted strong Q4 earnings, but fiscal 2023 guidance outlooks are generally weak despite the recent leasing momentum, the analyst tells investors in a research note. The firm sees a lack of near-term catalysts for the group.