Raymond James upgraded Kite Realty to Strong Buy from Market Perform with a $28 price target. The analyst sees meaningful share upside in the lower multiple shopping center real estate investment trusts. The shopping center REITs have outperformed the broader REIT group by around 200 basis points since July 1, with more meaningful upside to come, the analyst tells investors in a research note.
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Read More on KRG:
- Kite Realty price target raised to $32 from $29 at Compass Point
- Kite Realty price target raised to $33 from $30 at Piper Sandler
- Kite Realty upgraded to Equal Weight on better FFO growth at Wells
- Kite Realty upgraded to Equal Weight from Underweight at Wells Fargo
- Kite Realty Group price target raised to $28 from $25 at KeyBanc
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