Terreno Realty price target raised to $72 from $65 at JMP Securities

JMP Securities analyst Mitch Germain raised the firm’s price target on Terreno Realty to $72 from $65 and keeps an Outperform rating on the shares. Terreno Realty’s niche strategy continues to be value-enhancing, while favorable market fundamentals drive earnings materially higher, the analyst tells investors in a research note.