Jefferies Maintains Buy on Kimco Realty, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Linda Tsai maintains a Buy rating on Kimco Realty (KIM) but lowers the price target from $24 to $22.

March 07, 2024 | 8:03 pm
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NEUTRAL IMPACT
Jefferies maintains a Buy rating on Kimco Realty but lowers the price target from $24 to $22.
While the reduction in price target could suggest a more cautious outlook on the stock's value, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the reaffirmed confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100