LXP Industrial Trust price target raised to $12 from $11 at Jefferies

Jefferies raised the firm’s price target on LXP Industrial Trust (LXP) to $12 from $11 and keeps a Buy rating on the shares, citing the belief “we are witnessing the beginning of a generational shift” in the U.S. supply chain driven by government investment in domestic manufacturing and increased protectionist policies. After having looked at precise locations where these investments are taking place in proximity to Industrial REIT portfolios, the firm found that Stag Industrial (STAG) is “disproportionally well-positioned to capture this new supply chain demand,” but also note that LXP’s portfolio is well positioned and “another strong stock pick on this trend.”