Evercore ISI Group Upgrades Federal Realty Investment: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Evercore ISI Group has upgraded Federal Realty Investment Trust (NYSE:FRT) to Outperform with a new price target of $108.00, up from $104.00. The upgrade suggests a potential upside of 17.25% from the current share price of $92.11. Federal Realty Investment Trust specializes in high-quality retail properties in major metropolitan markets, with a portfolio that includes 102 properties with retail space and multifamily units.
November 27, 2023 | 5:00 pm
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Evercore ISI Group upgraded Federal Realty Investment Trust to Outperform and raised the price target to $108, indicating a potential 17.25% increase from the current price.
Upgrades by analysts typically lead to positive short-term price movement as they suggest the stock is undervalued or has strong growth potential. The new price target is significantly higher than the current trading price, which may encourage investors to buy, driving up the price in the short term.
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