First Industrial Realty price target raised to $60 from $55 at RBC Capital

RBC Capital raised the firm’s price target on First Industrial Realty to $60 from $55 and keeps an Outperform rating on the shares. The company is well positioned to generate solid earnings growth over the next few years, largely driven by stabilizing its completed/in-process development projects, the analyst tells investors in a research note. The stock has performed well over the past few months, but it does not yet fully reflect First Industrial Realty’s overall growth potential, the firm added.