Mizuho upgrades Rexford Industrial stock rating on valuation discount

Mizuho upgraded Rexford Industrial Realty (REXR) to an Outperform rating from Neutral, raising its price target to $41.00 from $38.00. The firm highlighted the stock's 14% outperformance over the past three months and its current 6x discount to peers, trading at $37.51. Mizuho cited factors such as Los Angeles business formations and positive net absorption, expecting a 2027 FFO inflection driven by asset recycling, development deliveries, and cost savings.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.