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Rexford Industrial price target raised to $40 from $37 at Scotiabank

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.

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