Kimco Realty shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $26 to $20.
Portfolio Pulse from Benzinga Newsdesk
Kimco Realty's stock trades lower following a downgrade by Citigroup from Buy to Neutral, with a reduced price target from $26 to $20.

March 22, 2024 | 7:16 pm
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Kimco Realty's stock experienced a decline after Citigroup downgraded the stock from Buy to Neutral and lowered the price target from $26 to $20.
The downgrade by Citigroup, a major financial institution, from Buy to Neutral, along with a significant reduction in the price target from $26 to $20, suggests a less optimistic outlook on Kimco Realty's stock. This change in rating and price target is likely to influence investors' perception negatively, leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100