CTO Realty Growth price target raised to $23 from $22.50 at B. Riley

B. Riley analyst John Massocca raised the firm’s price target on CTO Realty Growth (CTO) to $23 from $22.50 and keeps a Buy rating on the shares. The firm continues to have confidence in original thesis following the earnings report, telling investors in a research note that recent tenant bankruptcies should negatively impact 2025 bottom-line results, but strong re-leasing expectations mean this will be more than made up for by robust 2026 growth.