Wells Fargo analyst Dori Kesten raised the firm’s price target on Kimco Realty to $24 from $21 and keeps an Equal Weight rating on the shares. Among the real estate investment trusts, the firm has a neutral to positive-leaning bias on the strips when looking into 2025. Demand remains strong for high quality real estate, from a leasing and transaction perspective, with supply growth supportively low, the analyst tells investors in a research note.
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