Kimco Realty price target raised to $26 from $24 at Mizuho

Mizuho analyst Haendel St. Juste raised the firm’s price target on Kimco Realty (KIM) to $26 from $24 and keeps a Neutral rating on the shares. The firm remains “constructive” on shopping center real estate investment trusts into 2025 and believes the sector is a “low-risk, fairly-priced alternative” for investors in a broader REIT sector facing higher interest rates, as well as tenant credit, tariffs, labor and over-supply questions. Shopping center REITs benefit from several tailwinds, including favorable supply/demand, low visible tenant and credit risk, a positively inflecting growth profile, and private market support, the analyst tells investors in a research note.