Truist raised the firm’s price target on First Industrial Realty to $59 from $57 and keeps a Buy rating on the shares. The firm raised its 2024 and 2025 normalized FFO estimates, primarily due to higher expected occupancy, which was partially offset by lower capitalized interest guidance.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FR:
- First Industrial Realty Trust Revamps Executive Bonus Framework
- First Industrial Realty sees 2024 adjusted FFO $2.56-$2.66, consensus $2.61
- First Industrial Realty reports Q4 FFO with items 63c, consensus 62c
- First Industrial Realty Trust Reports Fourth Quarter and Full Year 2023 Results
- FR Earnings Report this Week: Is It a Buy, Ahead of Earnings?