Raymond James lowered the firm’s price target on Kimco Realty (KIM) to $26 from $28 and keeps a Strong Buy rating on the shares. Kimco posted a Q1 beat and raised its 2025 funds from operations guidance, and the company continues to see healthy leasing demand, posting the highest leasing spreads in seven years, the analyst tells investors in a research note. The fundamental picture remains exceptionally strong despite the macro uncertainty, Raymond James contends.
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