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Fly News Breaks for March 3, 2020
RPT, RPAI, KRG
Mar 3, 2020 | 09:18 EDT
As previously reported, Compass Point analyst Floris van Dijkum upgraded Kite Realty Group (KRG) to Buy from Neutral with an $18.50 price target, downgraded Retail Properties of America (RPAI) to Sell from Neutral with a $10 price target and upgraded RPT Realty (RPT) to Neutral from Sell with a $13.50 price target as the analyst made several REIT rating changes following "a turbulent week in the markets." Kite's 17% price correction this year has been excessive, contend the analyst, who sees continued pressure on Retail Properties shares until the company regains investor confidence.
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