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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100