B of A Securities Maintains Buy on Federal Realty Investment, Lowers Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jeffrey Spector maintains a Buy rating on Federal Realty Investment (NYSE:FRT) but lowers the price target from $125 to $124.

August 22, 2023 | 1:45 pm
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NEUTRAL IMPACT
Federal Realty Investment's price target has been lowered from $125 to $124 by B of A Securities, though the Buy rating is maintained.
The news is directly about Federal Realty Investment (FRT). The lowering of the price target might indicate a slightly less optimistic outlook for the stock, but the maintained Buy rating suggests that the analyst still sees potential upside. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100