Terreno Realty price target lowered to $64 from $70 at KeyBanc

KeyBanc lowered the firm’s price target on Terreno Realty (TRNO) to $64 from $70 and keeps an Overweight rating on the shares. The firm a more moderate growth outlook, the result of a more difficult operating environment, for the price target reduction. While the operating environment remains relatively challenging, execution across the company’s well-positioned infill portfolio has been strong, the analyst tells investors in a research note.