Wells Fargo Initiates Coverage On Kite Realty Gr Trust with Underweight Rating, Announces Price Target of $20
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Dori Kesten initiates coverage on Kite Realty Gr Trust (NYSE:KRG) with an Underweight rating and a price target of $20.
May 24, 2023 | 8:29 am
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Wells Fargo initiates coverage on Kite Realty Gr Trust with an Underweight rating and a price target of $20.
The initiation of coverage by Wells Fargo with an Underweight rating and a price target of $20 for Kite Realty Gr Trust (KRG) indicates that the analyst believes the stock is overvalued and may underperform in the short term. This news is likely to have a negative impact on KRG's stock price as investors may adjust their positions based on the analyst's recommendation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100