Stifel Maintains Buy Rating for Kimco Realty: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has reaffirmed its Buy rating on Kimco Realty (NYSE:KIM) and increased its price target from $20.50 to $21.75. Kimco Realty's shares have risen 0.98% in the last 24 hours to $19.16. The new price target suggests a potential upside of 13.55% from the current share price. Kimco Realty is one of the oldest REITs in the U.S., with interests in over 5,000 shopping centers.
November 29, 2023 | 5:00 pm
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Stifel maintains a Buy rating on Kimco Realty and raises its price target to $21.75, indicating a potential 13.55% increase from the current price.
The reaffirmation of a Buy rating and an increased price target by Stifel is a strong positive signal for investors, suggesting confidence in Kimco Realty's fundamentals and growth potential. This typically leads to increased investor interest and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100