Evercore ISI Group Upgrades Federal Realty Investment to Outperform, Raises Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Steve Sakwa has upgraded Federal Realty Investment (NYSE:FRT) from In-Line to Outperform and increased the price target from $104 to $108.
November 27, 2023 | 2:48 pm
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Federal Realty Investment has been upgraded by Evercore ISI Group from In-Line to Outperform with a raised price target from $104 to $108.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance of the company. The increase in price target further reinforces the positive sentiment, indicating that the analyst sees more value in the stock than before.
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IMPORTANCE 85
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