Keybanc Maintains Overweight on LXP Industrial Trust, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Todd Thomas has maintained an Overweight rating on LXP Industrial Trust (NYSE:LXP) but reduced the price target from $12 to $11.
December 13, 2023 | 10:36 am
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NEUTRAL IMPACT
Keybanc has maintained an Overweight rating on LXP Industrial Trust but lowered the price target from $12 to $11.
While the Overweight rating suggests that Keybanc is optimistic about LXP's performance, the reduction in price target could indicate a tempered expectation for the stock's growth potential. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the continued positive rating and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100