Truist Securities Upgrades Federal Realty Investment to Buy, Announces $117 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Ki Bin Kim has upgraded Federal Realty Investment (NYSE:FRT) from Hold to Buy and set a price target of $117.
January 16, 2024 | 4:58 pm
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Federal Realty Investment has been upgraded by Truist Securities from Hold to Buy with a price target of $117.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest a better outlook for the company. The new price target of $117 implies a potential upside from the current trading price, which can attract investors.
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