BofA Securities analyst Jeffrey Spector changed the rating for a few retail REITS following their Retail Executive Summit with 8 REITs. The analyst upgraded Acadia Realty Trust (NYSE:AKR) to Buy from Neutral at an increased price target of $20 (from $18). The rating reflects the leading internal growth outlook, near-term  growth opportunities, upside to FY24 guidance from recovering  Street retail assets include lagging markets like Chicago and lower capital expenditure on Street leases. The analyst estimates an FFO per share of $1.30 in 2024 and $1.35 in 2025.  Spector ...