Kite Realty Group price target raised to $24 from $22 at Jefferies

Jefferies raised the firm’s price target on Kite Realty Group to $24 from $22 and keeps a Hold rating on the shares. Kite has doubled its scale and unlocked multiple levers for growth, including asset recycling, nondilutive land sales that can be accretively reinvested, and development/redevelopment opportunities, the analyst tells investors in a research note.