Baird added Rexford Industrial (REXR) as a bullish Fresh Pick as the recent pullback provides a trading opportunity and they see risk/reward for the shares as attactive at current levels. While they do not expect fundamentals to inflect positively near-term, they like the entry point here. Baird maintans its Neutral rating and $52 price target on Rexford Induatrial shares.
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Read More on REXR:
- Rexford Industrial Realty Announces Key Executive Changes
- Rexford appoints Michael Fitzmaurice as CFO and promotes Laura Clark to COO
- Rexford Industrial price target lowered to $50 from $52 at BMO Capital
- Rexford downgraded to Neutral at BofA on slower-than-expected LA recovery
- Rexford Industrial downgraded to Neutral from Buy at BofA