Jefferies raised the firm’s price target on Kite Realty (KRG) to $24 from $23 and keeps a Hold rating on the shares as part of a broader research note previewing 2026 for Retail REITs. The firm sees retail as “well positioned” with a strong lease backlog starting in FY26-27 while supporting net operating income growth, the analyst tells investors in a research note. Jefferies adds however that Kite Realty has higher exposure to recent bankruptcies, which could limit upside in 2025 and 2026.
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