JPMorgan analyst Anthony Paolone downgraded Kimco Realty (KIM) to Neutral from Overweight with an unchanged price target of $26. The firm made several rating changes in conjunction with its 2025 real estate investment trust and real estate services outlook. The downgrade of Kimco is based on the view that visible external growth should be a more prominent stock driver in 2025, and this points JPMorgan to some other areas of the strip center and overall REIT groups that have “meaningful” in-place development/redevelopment pipelines or consistent acquisition flow, the analyst tells investors in a research note.
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Read More on KIM:
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