Jefferies analyst Linda Tsai lowered the firm’s price target on Federal Realty (FRT) to $119 from $121 and keeps a Hold rating on the shares. The firm adjusted retail real estate investment trust ratings as a part of a 2025 outlook. Big Lots, Container Store and Party City closures raise 2025 bad debt, but retail supply is tight, and strips’ earnings “remain healthy” in 2025 versus 2024, the analyst tells investors in a research note.
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