Raymond James lowered the firm’s price target on Kite Realty (KRG) to $26 from $28 and keeps a Strong Buy rating on the shares. Kite reported a large beat in Q1 primarily driven by higher than expected lease termination fees, raised its full year funds from operations guidance, and announced a new joint venture, the analyst tells investors in a research note. The firm believes lower growth in 2025 due to tenant fallout is more than priced in.
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