Kimco Realty price target raised to $26 from $24 at Barclays

Barclays analyst Anthony Powell raised the firm’s price target on Kimco Realty to $26 from $24 and keeps an Overweight rating on the shares. The analyst increased price targets and estimates for the shopping center real estate investment trust subsector. He is "incrementally positive" on the group after earnings and recent investor meetings given tenant demand strength and an expectation of continued occupancy gains and positive lease spreads into 2023.