Wells Fargo analyst Dori Kesten lowered the firm’s price target on Federal Realty (FRT) to $113 from $125 and keeps an Overweight rating on the shares. The firm believes leasing demand remains strong. However, Wells expects Q1 calls to have a modestly more measured tone.
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Read More on FRT:
- Federal Realty downgraded to Hold from Buy at Truist
- Federal Realty price target lowered to $117 from $126 at Scotiabank
- Federal Realty acquires Del Monte Shopping Center for $123.5M
- Federal Realty price target lowered to $107 from $119 at Mizuho
- Federal Realty price target raised to $114 from $113 at Truist
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