Mizuho Securities Upgrades Federal Realty Investment Trust (FRT) to Buy

August 29, 2016 6:16 AM EDT
Get Alerts FRT Hot Sheet
Price: $141.72 --0%

Rating Summary:
    7 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 10
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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."

For an analyst ratings summary and ratings history on Federal Realty Investment Trust click here. For more ratings news on Federal Realty Investment Trust click here.

Shares of Federal Realty Investment Trust closed at $159.10 yesterday.

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