Mizuho analyst Vikram Malhotra lowered the firm’s price target on Rexford Industrial to $50 from $52 and keeps a Neutral rating on the shares. The firm’s Q2 anlsysis suggests a second half of 2025 recovery may be tough for the industrial real estate investment trust group. While Q2-to-date warehouse net absorption data suggests an uptick from the demand observed in Q1, the pickup in demand needed to meet Prologis’s revised net absorption forecast seems unachievable, the analyst tells investors in a research note.
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