Raymond James analyst RJ Milligan lowered the firm’s price target on Federal Realty (FRT) to $117 from $125 and keeps an Outperform rating on the shares. Shares were down 6% in Friday’s trading after the company guided 2025 FFO below the Street excluding a one-time tax credit positive impact, but despite near-term headwinds and average FFO growth expected in 2025, the fundamentals remain very strong, the analyst tells investors in a research note. Raymond James view’s the magnitude of Friday’s selloff as an overreaction.
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