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Fly News Breaks for January 6, 2020
KIM
Jan 6, 2020 | 07:22 EDT
BTIG analyst Michael Gorman downgraded Kimco Realty to Neutral from Buy. In a research note to investors, Gorman says he continues to like Kimco's portfolio and management team, but given the strength in shares in 2019 and the likelihood that the company still has a lot of work to do to bring its large development pipeline on-line, he thinks that the shares could take a breather in 2020 and is moving to the sidelines.
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