Piper Sandler lowered the firm’s price target on Terreno Realty (TRNO) to $60 from $61 and keeps a Neutral rating on the shares. Ahead of Q1 2025 earnings, the firm is adjusting estimates for recent company announcements and assumption revisions. Piper is making a preemptive reduction to EastGroup, as it believes rent growth will moderate as tenants contemplate the impact of tariffs, with managements likely focusing on occupancy.
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Read More on TRNO:
- Terreno Realty acquires industrial property in Washington
- Terreno Realty reports 96.6% quarter-end occupancy
- Terreno Realty price target lowered to $57 from $68 at Scotiabank
- Terreno Realty downgraded to Neutral from Overweight at Piper Sandler
- Terreno Realty price target lowered to $57 from $60 at Barclays