Wells Fargo Initiates Coverage On Kimco Realty with Underweight Rating, Announces Price Target of $18
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Tammi Fique has initiated coverage on Kimco Realty (NYSE:KIM) with an Underweight rating and a price target of $18.
May 24, 2023 | 8:26 am
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Wells Fargo has initiated coverage on Kimco Realty with an Underweight rating and a price target of $18.
The initiation of coverage by Wells Fargo with an Underweight rating and a price target of $18 for Kimco Realty (KIM) indicates that the analyst believes the stock is likely to underperform in the short term. This negative outlook could lead to a decrease in the stock price as investors may adjust their positions based on the new rating and price target.
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IMPORTANCE 80
RELEVANCE 100