First Industrial Realty price target raised to $62 from $58 at Mizuho

Mizuho raised the firm’s price target on First Industrial Realty to $62 from $58 and keeps an Outperform rating on the shares. The Industrial real estate investment trust narrative has recently turned net positive, as many investors believe the worst is behind the sector, the analyst tells investors in a research note. The firm says the numbers tell a different story – that core growth will keep slowing. It believes a lower “new normal” of core earnings growth in fiscal 2026 is underappreciated. Tactically, however, Mizuho sees some opportunities near-term based on its assessment of relative fundamentals and earnings trajectory.