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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on REXR:
- Rexford Industrial price target raised to $57 from $55 at Evercore ISI
- Rexford Industrial price target lowered to $61 from $66 at Wells Fargo
- Rexford Industrial price target raised to $55 from $51 at Scotiabank
- Rexford Industrial files to sell 12.3M shares of common stock for holders
- Prologis downgraded on slower demand recovery at BofA