Federal Realty price target raised to $118 from $113 at Scotiabank

Scotiabank analyst Nicholas Yulico raised the firm’s price target on Federal Realty (FRT) to $118 from $113 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Retail REITs under its coverage, the analyst tells investors. Management teams appear to be embedding deliberate conservatism into initial 2026 same-store net operating income guidance, which will create a favorable setup for outperformance, the firm adds.