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.
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Read More on TRNO:
- Terreno Realty acquires industrial portfolio in Washington for $232.6M
- Terreno Realty price target lowered to $64 from $68 at Goldman Sachs
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