Wedbush upgraded Stag Industrial (STAG) to Outperform from Neutral with a price target of $44, up from $38. Last week’s Q2 earnings reports from First Industrial Realty (FR), Rexford Industrial (REXR) and Prologis (PLD) collectively indicated early signals that the leasing environment is starting to improve, the analyst tells investors. The firm thinks several fundamental factors may be shifting in a way to “reignite the industrial thesis” and continued rotation back into the space, the analyst tells investors.
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