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First Industrial Realty price target raised to $51 from $50 at Scotiabank

Scotiabank analyst Nicholas Yulico raised the firm's price target on First Industrial Realty (FR) to $51 from $50 and keeps a Sector Perform rating on the shares. The firm is adjusting its estimates on U.S. Real Estate & REITs in its coverage following Q1 results, the analyst tells investors. Quarterly results contained some negative surprises, but generally played out as expected, with most companies maintaining FY25 guidance, the firm notes. Real estate fundamentals tend to lag, so many are looking to see the potential impact of the slowing economy on H2 2025 results, the firm adds. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on FR: Disclaimer & DisclosureReport an Issue First Industrial Realty files automatic mixed securities shelf First Industrial Realty price target lowered to $59 from $61 at Baird First Industrial Realty price target lowered to $55 from $60 at Truist First Industrial Realty price target lowered to $52 from $56 at Barclays First Industrial Realty Trust Reports Strong Q1 2025 Results