Bank of America Reshuffles Retail-REIT Coverage, Upgrades Tanger and Acadia, Downgrades Kimco and ROIC

Friday, 5 April 2024, 15:02

Bank of America recently conducted a major reshuffle in its retail-REIT coverage, upgrading Tanger Outlets and Acadia Realty Trust while downgrading Kimco Realty Corporation and Retail Opportunity Investments Corp (ROIC). The move reflects the bank's revised outlook on the retail real estate sector and specific companies within it.
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Bank of America Reshuffles Retail-REIT Coverage, Upgrades Tanger and Acadia, Downgrades Kimco and ROIC

BofA's Retail-REIT Coverage Shuffle

Bank of America recently conducted a major reshuffle in its retail-REIT coverage, upgrading Tanger Outlets and Acadia Realty Trust while downgrading Kimco Realty Corporation and Retail Opportunity Investments Corp (ROIC). The move reflects the bank's revised outlook on the retail real estate sector and specific companies within it.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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