Plymouth Industrial REIT price target lowered to $18 from $20 at Truist

Truist lowered the firm’s price target on Plymouth Industrial REIT (PLYM) to $18 from $20 and keeps a Hold rating on the shares as part of a broader research note on REITs. The firm is updating its model to reflect recent events, adjusted revenue growth and expense assumptions, the analyst tells investors in a research note. Truist adds that the price target cut for Plymouth Industrial is primarily driven by known move-outs and extended vacancies.