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Fly News Breaks for November 25, 2016
KIM
Nov 25, 2016 | 08:52 EDT
Argus analyst Jacob Kilstein upgraded Kimco Realty to Buy with a $30 price target saying the company has transformed into a pure-play U.S. retail REIT as it exits Canada and all joint ventures and expects it to generate 7% FFO growth in 2017, after three years of 4%-5% growth. Kilstein said the company has re-positioned its portfolio through asset sales and believes that its focus on redeveloping high-quality shopping centers will support dividend growth and in same-property net operating income.
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