The initiation of coverage by Barclays with an Equal-Weight rating and a price target of $22 suggests a neutral outlook on Plymouth Industrial REIT's stock. This rating indicates that Barclays views PLYM as fairly valued at its current price level, neither undervalued nor overvalued. The announcement of a specific price target provides a benchmark for investors but does not imply a significant short-term price movement. Therefore, the impact on PLYM's stock price in the short term is likely to be neutral.