Kimco Realty price target raised to $22 from $20 at Compass Point

Compass Point analyst Floris van Dijkum raised the firm’s price target on Kimco Realty to $22 from $20 and keeps a Neutral rating on the shares. The company’s work on the balance sheet, “now in solid shape, should allow for more opportunistic investment,” says the analyst, who cites improving sector valuations for the firm’s higher target.