StockNews.com upgrades Rexford Industrial Realty (REXR) stock from sell to hold, with analysts raising FY2024 earnings estimates.

StockNews.com upgraded Rexford Industrial Realty (NYSE:REXR) stock from a sell rating to a hold rating. Analysts at Wedbush raised FY2024 earnings estimates to $2.34 per share, up from $2.32. JPMorgan Chase & Co. raised the price target to $52.00. Rexford has also received an "outperform" rating and $54.00 target price from Evercore ISI.