JP Morgan Downgrades Rexford Industrial Realty to Neutral, Announces $55 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Mueller downgrades Rexford Industrial Realty (REXR) from Overweight to Neutral and sets a $55 price target.

February 07, 2024 | 12:09 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Rexford Industrial Realty was downgraded by JP Morgan from Overweight to Neutral with a new price target of $55.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan is likely to influence investor sentiment negatively in the short term. The announcement of a specific price target provides a benchmark that could adjust market expectations and potentially lead to a decrease in stock price if the market consensus was more optimistic.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100