Ciit opens ‘positive 90-day catalyst watch’ on Stag Industrial

Citi opened a “positive 90-day catalyst watch” on Stag Industrial (STAG) while keeping a Neutral rating on the shares with a $35 price target There could be fund from operations guidance upside from accelerated new leasing activity and more moderate tenant credit headwinds, the analyst tells investors in a research note. The firm says that while the stock modestly outperformed industrial peers this week, there is potentially more near-term relative upside.