First Industrial Realty price target raised to $64 from $61 at Baird

Baird raised the firm’s price target on First Industrial Realty (FR) to $64 from $61 and keeps an Outperform rating on the shares. he firm says that with stock valuations reflecting anticipated fundamental improvements, the industrial real estate sector’s risk/reward appears balanced. As such, it moved to an Market Weight from Overweight sector position.