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Fly News Breaks for January 15, 2020
FRT
Jan 15, 2020 | 06:55 EDT
Jefferies analyst Linda Tsai upgraded Federal Realty Investment Trust to Buy from Hold with a price target of $144, up from $131. Following consecutive years of share underperformance, Federal Realty continues to generate "solid" cash flow and raise dividends sustainably, Tsia tells investors in a research note after taking over coverage of the name. The analyst views the stock "inexpensive relative to history."
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