Mizuho Securities Upgrades Federal Realty Investment Trust (FRT) to Buy
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Mizuho Securities upgraded Federal Realty Investment Trust (NYSE: FRT) from Neutral to Buy with a price target of $176.00.
Analyst Haendel St. Juste commented, "Recent retail REIT weakness has provided a good entry point for investors. After re-assessing valuation / growth, we are upgrading FRT to Buy as we believe its high quality portfolio and balance sheet offer stronger growth w/ less risk, a compelling combo for investors in today's fully valued, slowing growth REIT sector. We also provide takeaways from our recent FRT management meeting."
Shares of Federal Realty Investment Trust closed at $159.10 yesterday.
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