Barclays Maintains Underweight on Rexford Industrial Realty, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brendan Lynch has maintained an Underweight rating on Rexford Industrial Realty (REXR) but raised the price target from $45 to $46.

April 23, 2024 | 3:18 pm
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on Rexford Industrial Realty but increases the price target from $45 to $46.
While the Underweight rating suggests a cautious view on REXR's stock, the increase in price target indicates a slightly more positive outlook on its valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the continued caution and the increased price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100