Evercore ISI downgraded Federal Realty (FRT) to In Line from Outperform with a price target of $107, up from $106. The stock’s recent outperformance and the firm’s price target implies less upside compared to other stocks in the firm’s REIT coverage, the analyst tells investors in a broader REIT note in which the analyst also rolled forward models to incorporate the firm’s 2027 AFFO estimates into its price target framework.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FRT:
- Federal Realty price target raised to $114 from $113 at Scotiabank
- Federal Realty price target raised to $110 from $108 at JPMorgan
- Federal Realty price target lowered to $105 from $106 at Barclays
- Federal Realty price target raised to $100 from $96 at Mizuho
- Federal Realty’s Earnings Call Highlights Robust Growth