Mizuho Downgrades Kimco Realty to Neutral, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vikram Malhorta has downgraded Kimco Realty from Outperform to Neutral while raising the price target from $20 to $23.
August 19, 2024 | 3:34 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Mizuho has downgraded Kimco Realty from Outperform to Neutral, indicating a more cautious outlook, but raised the price target to $23, suggesting some positive expectations.
The downgrade from Outperform to Neutral suggests a less optimistic view on Kimco Realty's short-term performance, which could lead to a neutral impact on the stock price. However, the raised price target to $23 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100