Citigroup Initiates Coverage On First Industrial Realty with Neutral Rating, Announces Price Target of $57
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Craig Mailman has initiated coverage on First Industrial Realty (NYSE:FR) with a Neutral rating and a price target of $57.

July 19, 2023 | 9:11 am
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Citigroup has initiated coverage on First Industrial Realty with a Neutral rating and a price target of $57.
The news directly pertains to First Industrial Realty as Citigroup has initiated coverage on the company. The Neutral rating suggests that the stock is expected to perform in line with the market or sector in the next 6-12 months. The price target of $57 indicates the analyst's expectation of where the stock price could reach, which could influence investor sentiment and trading behavior. However, the impact on the stock price in the short term is uncertain as it depends on various factors including market conditions and investor reactions to the news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100