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Fly News Breaks for February 7, 2019
TRNO
Feb 7, 2019 | 20:25 EDT
MUFG analyst Karin Ford raised her price target on Terreno Realty to $40, saying that after an impressive 2018 finish, strong trends for the company are persisting with the release of a "robust" Q4 report. The analyst believes that Terreno Realty is positioned well for continued strength through 2019, anticipating its same-store net operating income to moderate but also to remain at sector-leading levels. Ford keeps her Neutral rating on the stock in light of its 52% premium to its peers on 2019 AFFO multiple basis.
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