In a recent analysis, Wells Fargo has revised its price target for FrontView REIT (FVR, Financial), adjusting it downward from $19 to $17. Despite this change, the financial institution maintains an Overweight rating for the company's shares.
The decision comes in the wake of FrontView's latest quarterly results. Wells Fargo's analyst, John Kilichowski, highlights that, despite the target reduction, FrontView REIT remains an appealing option for investors. The company's shares are seen as attractively discounted, offering a competitive advantage in terms of Adjusted Funds From Operations (AFFO) growth compared to its industry peers.