Stag Industrial price target raised to $41 from $37 at Wells Fargo

Wells Fargo analyst Blaine Heck raised the firm’s price target on Stag Industrial to $41 from $37 and keeps an Equal Weight rating on the shares. The analyst continues to favor “supply-constrained” markets and small size segments amid easing demand for the industrial real estate investment trusts. The firm says broker commentary continues to point to resilience in the smaller size segment, and the Sunbelt markets generally continue to benefit from solid demand driven by population growth and near- and on-shoring.