Mizuho Upgrades First Industrial Realty to Buy, Announces $55 Price Target
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Haendel St. Juste has upgraded First Industrial Realty (NYSE:FR) from Neutral to Buy and set a price target of $55. This upgrade reflects a positive outlook on the company's stock.
December 05, 2023 | 9:56 am
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First Industrial Realty's stock has been upgraded by Mizuho from Neutral to Buy with a new price target of $55, indicating a positive sentiment from the analyst.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance of the company. The new price target of $55 suggests a potential upside from the current trading price, which may attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100