A Closer Look at 10 Analyst Recommendations For Kimco Realty
Portfolio Pulse from Benzinga Insights
In the past three months, 10 analysts have provided ratings for Kimco Realty (NYSE:KIM), showing a range of opinions from bullish to indifferent. The average 12-month price target has increased by 10.81% to $24.5. Analysts have raised their ratings and price targets, reflecting a positive sentiment shift. Kimco Realty, a major real estate investment trust, has shown strong revenue growth but faces challenges in profitability and asset utilization.
September 10, 2024 | 5:00 pm
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POSITIVE IMPACT
Kimco Realty has seen a positive shift in analyst sentiment, with an increase in the average 12-month price target by 10.81% to $24.5. Analysts have raised their ratings and price targets, indicating a more favorable outlook. Despite strong revenue growth, the company faces challenges in profitability and asset utilization.
The increase in the average price target and the raising of ratings by multiple analysts suggest a positive short-term impact on Kimco Realty's stock price. The company's strong revenue growth supports this outlook, although challenges in profitability and asset utilization may temper long-term expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100