Scotiabank Maintains Sector Outperform on Federal Realty Investment, Lowers Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Nicholas Yulico maintains a Sector Outperform rating on Federal Realty Investment (NYSE:FRT) but lowers the price target from $120 to $119.
October 11, 2024 | 2:26 pm
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NEUTRAL IMPACT
Scotiabank maintains a positive outlook on Federal Realty Investment with a Sector Outperform rating, but slightly reduces the price target from $120 to $119.
The maintenance of a Sector Outperform rating suggests continued confidence in FRT's performance, but the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100