Citigroup Maintains Neutral on Federal Realty Investment, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Bilerman maintains a Neutral rating on Federal Realty Investment (NYSE:FRT) and lowers the price target from $105 to $95.
May 31, 2023 | 4:14 pm
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Citigroup analyst lowers Federal Realty Investment's price target from $105 to $95, maintaining a Neutral rating.
The news directly mentions Federal Realty Investment (FRT) and the lowered price target by Citigroup analyst Michael Bilerman. This may cause short-term uncertainty among investors, but the Neutral rating suggests that the overall outlook remains unchanged. Therefore, the short-term impact on FRT's stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100