B of A Securities Downgrades Kimco Realty to Neutral, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jeffrey Spector downgraded Kimco Realty (KIM) from Buy to Neutral and reduced the price target from $24 to $20.
April 05, 2024 | 11:19 am
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Kimco Realty was downgraded by B of A Securities from Buy to Neutral with a price target reduction from $24 to $20.
The downgrade from Buy to Neutral by a significant analyst, along with a reduction in price target, typically signals a less optimistic outlook on the stock's future performance. This can lead to decreased investor confidence and potentially a decrease in stock price in the short term.
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