Stifel raised the firm’s price target on Kimco Realty (KIM) to $21.75 from $20.50 and keeps a Buy rating on the shares. The new target reflects a cap rate of 6.5%, down from 6.75%, the analyst tells investors. The firm believes the company should have success integrating RPT Realty (RPT) after the merger closes and its balance sheet is in the “best shape it has been” in a while.
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