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Fly News Breaks for September 5, 2019
FRT
Sep 5, 2019 | 07:13 EDT
Deutsche Bank analyst Derek Johnston upgraded Federal Realty Investment Trust to Buy from Hold and raised his price target for the shares to $141 from $134. The company excels at delivering incremental net operating income and value, with a formulaic approach to unlocking value at its ongoing three master plan developments, Johnston tells investors in a research note. He cites Federal Realty's leadership position and year-to-date share underperformance versus peers for the upgrade to Buy.
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