Mizuho lowered the firm’s price target on Federal Realty (FRT) to $96 from $107 and keeps a Neutral rating on the shares. The firm says shopping center real estate investment trust portfolios are positioned “well-enough” from a tenant credit-reserve perspective to raise initial fiscal 2025 guidance. It expects improved occupancy and signed not occupied tailwinds to drive improved growth into the second half of 2025.
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Read More on FRT:
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