LXP Industrial Trust price target lowered to $53 from $57.50 at Citizens

Citizens analyst Mitch Germain lowered the firm’s price target on LXP Industrial Trust (LXP) to $53 from $57.50 and keeps an Outperform rating on the shares. LXP Industrial’s Q4 earnings and forward outlook came in shy of expectations, though the portfolio is well-positioned to benefit from an increased emphasis on domestic manufacturing, the analyst tells investors in a research note.