LXP Industrial Trust initiated with an Outperform at Wolfe Research

Wolfe Research initiated coverage of LXP Industrial Trust (LXP) with an Outperform rating and $10 price target Fundamental trends in LXP’s markets have held up better than peers as the Sunbelt and Midwest is more removed from import driven port locations, the analyst tells investors in a research note. The firm sees occupancy upside for the company on its upcoming lease-ups.