Barclays Initiates Coverage On Rexford Industrial Realty with Underweight Rating, Announces Price Target of $45
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brendan Lynch has initiated coverage on Rexford Industrial Realty (REXR) with an Underweight rating and set a price target of $45.
March 27, 2024 | 12:06 pm
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Barclays initiated coverage on Rexford Industrial Realty with an Underweight rating and a price target of $45.
The initiation of coverage by Barclays with an Underweight rating suggests a bearish outlook on REXR's stock in the short term. The price target of $45 might indicate that Barclays analysts believe the stock is currently overvalued, which could lead to a negative impact on its stock price.
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IMPORTANCE 90
RELEVANCE 100