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Rexford Industrial price target lowered to $37 from $44 at Truist

Truist analyst Anthony Hau lowered the firm’s price target on Rexford Industrial (REXR) to $37 from $44 and keeps a Buy rating on the shares as part of a broader research note on REITs. The firm is updating its models based on Q1 results and the adjusted revenue growth and expense assumptions, the analyst tells investors in a research note.

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