Federal Realty price target lowered to $111 from $117 at Scotiabank

Scotiabank lowered the firm’s price target on Federal Realty (FRT) to $111 from $117 and keeps an Outperform rating on the shares. The firm is updating its price targets on U.S. Retail REITs, taking into consideration the impact of tariffs, analyzing foot traffic, and reviewing tenant bankruptcy risk, the analyst tells investors.