Wells Fargo upgraded Kite Realty to Equal Weight from Underweight with a price target of $26, up from $23. The analyst cites improved funds from operations growth in 2025 relative to 2024 for the upgrade. 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. Wells now believes Kite Realty shares are fairly valued.
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