Wolfe Research: Wolfe Research upgrades First Industrial Realty Trust: Can it reach $64?

On August 13, 2024, Wolfe Research upgraded First Industrial Realty Trust (FR) from Peer Perform to Outperform, setting a year-end 2025 price target of $64. This upgrade suggests a potential 19% upside from its current trading price of around $53.89. The upgrade highlights an improved supply outlook, anticipated earnings growth, and favorable valuation, making FR [...]