Baird Downgrades Rexford Industrial Realty to Neutral, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Rodgers has downgraded Rexford Industrial Realty (REXR) from Outperform to Neutral, while also raising the price target for the stock from $53 to $61.

January 05, 2024 | 11:56 am
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NEUTRAL IMPACT
Rexford Industrial Realty was downgraded by Baird from Outperform to Neutral, although the price target was raised from $53 to $61.
The downgrade to Neutral suggests that Baird sees limited upside potential or increased risk in the stock, which could lead to a neutral short-term impact on the stock price. However, the increase in the price target from $53 to $61 indicates a positive view on the company's value, which might balance out the negative sentiment from the downgrade. The mixed signals could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100