Piper Sandler analyst Alexander Goldfarb lowered the firm’s price target on Kimco Realty (KIM) to $28 from $29 and keeps an Overweight rating on the shares. The firm says that so far, its coverage universe is showing few signs of economic worry as leasing remains healthy, though managements are braced for any slowdown. Overall, Piper’s bullish call on West Coast apartments is playing out, while prime office is more resilient than the stocks suggest.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KIM:
- Kimco Realty Reports Strong Q1 2025 Results
- Kimco Realty Corp’s Resilient Growth Amid Challenges
- Balanced Outlook on Kimco Realty: Positive Developments Amid Cautious Considerations Justify Hold Rating
- Balanced Outlook: Kimco Realty’s Strong Performance Amidst Emerging Concerns
- Kimco Realty reports Q1 FFO 44c, consensus 42c