Mizuho Initiates Coverage On Rexford Industrial Realty with Neutral Rating, Announces Price Target of $52
Portfolio Pulse from richadhand@benzinga.com
Mizuho analyst Vikram Malhotra has initiated coverage on Rexford Industrial Realty (NYSE:REXR) with a Neutral rating and a price target of $52.
June 28, 2023 | 10:36 am
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NEUTRAL IMPACT
Mizuho has initiated coverage on Rexford Industrial Realty with a Neutral rating and a price target of $52.
The initiation of coverage by Mizuho with a Neutral rating indicates that the firm sees the stock as fairly valued at current levels. The price target of $52 provides a reference point for investors, but does not necessarily suggest a strong upside or downside. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100