First Industrial Realty price target raised to $57 from $54 at Scotiabank

Scotiabank analyst Nicholas Yulico raised the firm’s price target on First Industrial Realty (FR) to $57 from $54 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for U.S. Industrial REITs under its coverage following Q3 results, the analyst tells investors. The firm is “incrementally” more positive on the subsector given healthy leasing as well as improvement in management tone and investor sentiment.