Stag Industrial price target raised to $42 from $41 at Evercore ISI

Evercore ISI raised the firm’s price target on Stag Industrial (STAG) to $42 from $41 and keeps an Outperform rating on the shares. The company’s recent performance and leasing activity remain strong, with notable cash rent spreads despite macro uncertainties, the analyst tells investors in a research note. The firm noted it made some key adjustments to its model following the Q3 print, which have resulted in the new price target