Terreno Realty price target lowered to $63 from $71 at JMP Securities

JMP Securities analyst Mitch Germain lowered the firm’s price target on Terreno Realty to $63 from $71 and keeps an Outperform rating on the shares. The firm remains constructive on Terreno Realty shares following the quarterly earnings report, which showed continued strong portfolio operating trends and “meticulous” balance sheet management, the analyst tells investors in a research note.