Truist lowered the firm’s price target on First Industrial Realty (FR) to $55 from $60 and keeps a Buy rating on the shares. The firm decreased its 2025 and 2026 normalized FFO per share estimates, mainly due to slower development leasing.
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Read More on FR:
- First Industrial Realty price target lowered to $52 from $56 at Barclays
- First Industrial Realty Trust Reports Strong Q1 2025 Results
- First Industrial Realty Trust’s Balanced Earnings Call
- Strong Performance and Growth Potential: Buy Rating for First Industrial Realty Amid Economic Uncertainties
- First Industrial Realty reports Q1 FFO 68c, consensus 70c