Argus Research Keeps Their Buy Rating on Kimco Realty (KIM)We are maintaining our BUY rating on Kimco Realty Corp. (NYSE: KIM) with a target price of $27. We expect solid growth to continue from portfolio acquisitions and its solid asset pipeline. The REIT focuses on “last-mile retail,” a segment with stronger growth prospects than overall urban and suburban stores. Kimco has recognized the value of multi-use retail destinations that include smaller tenants, and has maintained relationships with fast-food and coffee retailers, fitness centers, dollar stores, and retail chains. The company’s increasing diversified base of anchor stores, which includes Home Depot and T.J. Maxx, has also boosted stability and minimized risks from tenant bankruptcies and heavy reliance on grocery anchors. In addition, Kimco benefits from its strong presence in Sunbelt states, where milder weather is favorable for shopping-center footfall.