Scotiabank Lifts Kimco Realty's Target to $24, Maintains Sector Perform Rating

Scotiabank has adjusted Kimco Realty Corporation's target to $24 from $22, maintaining a Sector Perform rating. The firm is optimistic about the REIT's growth prospects, citing strong portfolio acquisitions and an asset pipeline focused on last-mile retail. Argus also has a Buy rating and a price target of $27, highlighting Kimco's steadily expanding base of anchor stores and stable tenant base.