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Fly News Breaks for June 11, 2019
Jun 11, 2019 | 06:30 EDT
BofA/Merrill analyst Craig Schmidt upgraded Kimco Realty to Buy from Neutral and raised his price target for the shares to $21 from $19. The stock at current levels, despite rallying year-to-date, offers a "particularly attractive entry point," Schmidt tells investors in a research note. The analyst believes Kimco offers higher earnings visibility as investors look for defensive stocks amid the macro uncertainty.
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