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Rexford Industrial price target lowered to $43 from $47 at Baird

Baird analyst Nicholas Thillman lowered the firm’s price target on Rexford Industrial (REXR) to $43 from $47 and keeps an Outperform rating on the shares. The firm updated its model following Q1 results where its valuation screens cheap but the question of where the bottom is remains.

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