Evercore ISI raised the firm’s price target on Rexford Industrial (REXR) to $42 from $40 and keeps an In Line rating on the shares. Rexford’s strategic shift with a new CEO and capital allocation approach is “a positive step for long-term shareholder value,” the analyst contends.
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Read More on REXR:
- Rexford Industrial Realty Appoints New CEO Laura Clark
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- Rexford Industrial price target raised to $44 from $43 at Scotiabank
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