Mizuho raised the firm’s price target on First Industrial Realty (FR) to $62 from $56 and keeps an Outperform rating on the shares. While the “easy money has been made” in industrial real estate investment trusts in fiscal 2025, the REIT subsector should at least produce “average” returns in 2026, the analyst tells investors in a research note. Mizuho sees more upside and takes a slightly more offensive stance heading into next year.
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