Piper Sandler analyst Alexander Goldfarb lowered the firm’s price target on Federal Realty to $111 from $118 and keeps a Neutral rating on the shares. As spring unfolds, real estate investment trust investors "are left waiting for clarity as the much anticipated recession refuses to come and the market battles between higher versus lower rates," the analyst tells investors in a research note. The firm continues to favor the Sunbelt, retail, and industrial.
Published first on TheFly
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