Evercore ISI lowered the firm’s price target on Rexford Industrial (REXR) to $40 from $41 and keeps an In Line rating on the shares. A significant drop in interest rates could enhance valuations across the REIT sector, potentially aiding recovery, but estimate revisions indicate lower expectations for 2026 and 2027, the analyst tells investors in a note updating models among the group.
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- Rexford Industrial price target raised to $42 from $40 at Evercore ISI