Scotiabank raised the firm’s price target on Rexford Industrial (REXR) to $40 from $37 and keeps a Sector Perform rating on the shares. The firm is now less pessimistic on Industrial demand trends following Q2 results and recent conversations with brokers and private landlords, the analyst added in a broader note on the U.S. Industrial REITs group.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REXR:
- Rexford Industrial price target raised to $42 from $37 at Truist
- Rexford Industrial Realty Announces $1.25B Stock Offering
- Rexford Industrial Realty Updates Tax Considerations
- Snowflake initiated, Chipotle upgraded: Wall Street’s top analyst calls
- Evercore downgrades Rexford to In Line on delayed rent recovery