First Industrial Realty price target raised to $64 from $58 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on First Industrial Realty (FR) to $64 from $58 and keeps a Neutral rating on the shares. Industrial REITs are generally providing 2026 guidance that balances realism with the potential for beat-and-raise results, the analyst tells investors in a research note. Performance is expected to be stronger nationwide, supported by tenants committing to long-term leases and relatively short development cycles that help limit lingering supply pressures, though Southern California remains an outlier, the firm says.