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Fly News Breaks for November 29, 2016
KIM
Nov 29, 2016 | 05:44 EDT
Goldman Sachs analyst Andrew Rosivach downgraded Kimco Realty to Sell saying weaker than expected same store growth following the Sports Authority bankruptcy, coupled with dilution from recent capital markets events, will slow earnings relative to expectations. The analyst sees downside risk to consensus estimates and cut his price target for Kimco shares to $22 from $27.
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