Citizens JMP analyst Mitch Germain upgraded LXP Industrial Trust (LXP) to Outperform from Market Perform with a $11.50 price target The firm says LXP’s sale of two recently delivered vacant developments removed an overhang on shares while being accretive to earnings and strengthening the balance sheet. The company’s remaining portfolio exposures should also benefit from policy measures, the analyst tells investors in a research note.
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