Wells Fargo Maintains Overweight on Rexford Industrial Realty, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Blaine Heck maintains an Overweight rating on Rexford Industrial Realty but lowers the price target from $66 to $61.
August 28, 2024 | 2:19 pm
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NEGATIVE IMPACT
Wells Fargo has maintained its Overweight rating on Rexford Industrial Realty but has reduced the price target from $66 to $61, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in REXR's performance, but the lowered price target indicates a tempered outlook, likely leading to a slight negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100