Wells Fargo Maintains Overweight on Federal Realty Investment, Raises Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten has maintained an Overweight rating on Federal Realty Investment (NYSE:FRT) and increased the price target from $115 to $122.
August 28, 2024 | 2:24 pm
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Wells Fargo has reaffirmed its positive outlook on Federal Realty Investment by maintaining an Overweight rating and increasing the price target to $122, indicating confidence in the company's future performance.
The increase in price target from $115 to $122 by Wells Fargo suggests a positive outlook on Federal Realty Investment's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100