Wells Fargo Initiates Coverage On Federal Realty Investment with Equal-Weight Rating, Announces Price Target of $93
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Dori Kesten initiates coverage on Federal Realty Investment (NYSE:FRT) with an Equal-Weight rating and announces a price target of $93.
May 24, 2023 | 8:41 am
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Wells Fargo initiates coverage on Federal Realty Investment with an Equal-Weight rating and a price target of $93.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook for Federal Realty Investment's stock in the short term. The price target of $93 indicates the analyst's expectation of the stock's fair value. This news is relevant and important for FRT investors, but the neutral rating suggests no significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100