Jefferies downgraded Kimco Realty (KIM) to Hold from Buy with a price target of $25, down from $28. The firm adjusted retail real estate investment trust ratings as a part of a 2025 outlook. Big Lots, Container Store and Party City closures raise 2025 bad debt, but retail supply is tight, and strips’ earnings “remain healthy” in 2025 versus 2024, the analyst tells investors in a research note. Jefferies cites Kimco’s relatively more exposure to Big Lots, Party City and Container Store for the downgrade.
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Read More on KIM:
- Kimco Realty downgraded to Neutral from Overweight at JPMorgan
- Kimco Realty price target raised to $25 from $24 at Truist
- Kimco Realty price target raised to $26 from $24 at Mizuho
- Kimco Realty price target raised to $26 from $23 at Scotiabank
- Kimco Realty price target raised to $26 from $24 at Goldman Sachs