Baird analyst Wesley Golladay lowered the firm’s price target on Kimco Realty to $21 from $23 and keeps an Outperform rating on the shares. The firm updated our estimates for 4Q and the merger with RPT Realty (RPT). Baird trimmed the target due to a lower NAV estimate and ascribing a lower premium to NAV.
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Read More on KIM:
- Kimco Realty downgraded to Neutral from Buy at Citi
- Kimco Realty price target lowered to $20 from $21 at Evercore ISI
- Kimco Realty price target lowered to $21 from $22 at Wells Fargo
- Kimco Realty price target lowered to $21 from $22 at Scotiabank
- Kimco Realty Corp Is Worried About This – Should You Be Worried Too?
