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Federal Realty price target lowered to $109 from $115 at Stifel

Stifel lowered the firm’s price target on Federal Realty (FRT) to $109 from $115 and keeps a Hold rating on the shares. Federal Realty reported Q1 FFO of $1.70, in line with the firm’s estimate and 1c ahead of the Street forecast, the firm noted.

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