Citizens JMP lowered the firm’s price target on Plymouth Industrial REIT (PLYM) to $24 from $27 and keeps an Outperform rating on the shares. Plymouth Industrial REIT’s forward outlook is influenced by some recent tenant movement, creating some transitory vacancy, along with increased competition within the investment sales markets, influencing the pace and pricing of investments, the analyst tells investors in a research note. The firm continues to believe the portfolio is poised to benefit from the political landscape.
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