MLV & Co Reiterates Hold, Raises Price Target On Kimco Realty On Adjusted Estimates

In a report published Monday, MLV & Co analyst Paul Morgan reiterated a Hold rating on Kimco Realty Corporation (NYSE: KIM), and raised the price target from $24.00 to $26.00.

In the report, MLV & Co noted, "We are raising our PT to $26 (from $24) to reflect rolling forward our NAV per share estimate by one quarter, incorporating a 6.0% applied cap rate. Our target is approximately in-line with our year-ahead NAV per share estimate."

Kimco Realty closed on Friday at $26.73.