Rexford Industrial price target lowered to $49 from $50 at Mizuho

Mizuho analyst Vikram Malhotra lowered the firm’s price target on Rexford Industrial to $49 from $50 and keeps a Neutral 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.