Raymond James analyst RJ Milligan lowered the firm’s price target on CTO Realty Growth (CTO) to $22 from $24 and keeps a Strong Buy rating on the shares. CTO posted a slight Q1 beat and maintained 2025 core funds from operations guidance, the analyst tells investors in a research note. The company continues to make progress on its vacant larger boxes which should accelerate 2026 earnings growth, especially in the back half of the year, Raymond James says.
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