Goldman Sachs analyst Caitlin Burrows downgraded Kimco Realty to Neutral from Buy with a $21 price target. The analyst expects Kimco’s strong demand and pricing to continue, but thinks its funds from operations growth will be more limited than thought due to near-term vacancies, refinance headwinds, and a slower transaction environment.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on KIM: