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Fly News Breaks for January 7, 2020
FRT
Jan 7, 2020 | 06:29 EDT
BMO Capital analyst Jeremy Metz downgraded Federal Realty Investment to Market Perform from Outperform with a price target of $133, down from $135. Proactive space recaptures and a challenging retail environment are weighing on the company's historical sector-leading growth profile, likely limiting upside at the current valuation until a re-acceleration of growth becomes more evident, Metz tells investors in a research note.
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