First Industrial Realty price target raised to $65 from $64 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on First Industrial Realty (FR) to $65 from $64 and keeps a Neutral rating on the shares. Industrial REITs have delivered solid returns in 2026, but muted earnings reactions reflect limited guidance increases despite strong underlying fundamentals, the analyst tells investors in a research note. Optimism remains high due to demand from manufacturing and data centers, easing supply, and supply chain shifts, supporting a favorable outlook for the sector, the firm says.