Citigroup Downgrades Rexford Industrial Realty to Neutral, Lowers Price Target to $53
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Emmanuel Korchman downgraded Rexford Industrial Realty (NYSE:REXR) from Buy to Neutral and lowered the price target from $66 to $53.
June 13, 2023 | 8:36 am
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Citigroup downgraded Rexford Industrial Realty (REXR) to Neutral and reduced the price target from $66 to $53.
The downgrade from Buy to Neutral by Citigroup analyst Emmanuel Korchman indicates a less optimistic outlook for Rexford Industrial Realty. The lowered price target from $66 to $53 suggests that the analyst believes the stock's upside potential is limited, which could negatively impact the stock price in the short term.
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