Evercore ISI lowered the firm’s price target on Federal Realty (FRT) to $106 from $107 and keeps an In Line rating on the shares. Leveraging strong retailer demand and strategic acquisitions to drive earnings and occupancy improvements, the retail REIT sector is poised for continued growth, the analyst tells investors in a Q3 preview for the group.
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Read More on FRT:
- Strategic Acquisitions and Strong Consumer Base Drive Buy Rating for Federal Realty
- Federal Realty price target raised to $113 from $112 at Barclays
- Deutsche downgrades Federal Realty on lack of catalysts
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