BMO Capital Downgrades Rexford Industrial Realty to Market Perform, Lowers Price Target to $56
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst John Kim downgraded Rexford Industrial Realty (NYSE:REXR) from Outperform to Market Perform and lowered the price target from $69 to $56.
June 12, 2023 | 10:40 am
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Rexford Industrial Realty (REXR) has been downgraded by BMO Capital from Outperform to Market Perform, with a reduced price target of $56.
The downgrade from Outperform to Market Perform and the reduction in price target from $69 to $56 by BMO Capital analyst John Kim indicates a less optimistic outlook for Rexford Industrial Realty. This could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100