Wells Fargo Maintains Overweight on Rexford Industrial Realty, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Blaine Heck maintains an Overweight rating on Rexford Industrial Realty (NYSE:REXR) but lowers the price target from $71 to $66.
June 13, 2023 | 12:58 pm
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Wells Fargo maintains an Overweight rating on Rexford Industrial Realty (NYSE:REXR) and lowers the price target from $71 to $66.
The news directly mentions Rexford Industrial Realty (REXR) and the lowered price target by Wells Fargo. While the Overweight rating is maintained, the lowered price target may have a neutral impact on the stock price in the short term as it indicates a potential decrease in the stock's value, but the Overweight rating suggests that the stock is still expected to outperform the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100