Nexus Industrial REIT resumed with a Buy at Desjardins

Desjardins analyst Kyle Stanley resumed coverage of Nexus Industrial REIT with a Buy rating and price target of C$12.75, down from C$13.25. The proposed transaction of three "high-quality, new-vintage" distribution assets advances the company’s strategy of expanding and high-grading the portfolio in core industrial nodes in Central Canada, Stanley tells investors in a research note.