Information Provided By:
Fly News Breaks for January 7, 2016
KRG
Jan 7, 2016 | 06:44 EDT
Baird analyst RJ Milligan downgraded Kite Realty Trust to Neutral and lowered his price target to $28 from $32 on shares. Milligan expects FFO dilution from the accelerated lower-tier asset dispositions, and sees few near-term catalysts that will close the valuation gap versus peers in the first half of 2016.