First Industrial Realty price target raised to $56 from $53 at Mizuho

Mizuho raised the firm’s price target on First Industrial Realty (FR) to $56 from $53 and keeps an Outperform rating on the shares. The firm remains neutral on the industrial real estate investment trusts, saying the sector “looks somewhat expensive” as fundamentals “remain sluggish.” However, Mizuho’s latest analysis indicates Q3 demand is shaping up to be better than Q2, the analyst tells investors in a research note.