Piper Sandler analyst Alexander Goldfarb lowered the firm’s price target on Kimco Realty (KIM) to $28 from $29 and keeps an Overweight rating on the shares. The firm says that so far, its coverage universe is showing few signs of economic worry as leasing remains healthy, though managements are braced for any slowdown. Overall, Piper’s bullish call on West Coast apartments is playing out, while prime office is more resilient than the stocks suggest.
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