Stag Industrial target raised, added to ‘Franchise Picks’ list at Jefferies

Jefferies raised the firm’s price target on Stag Industrial to $47 from $46 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 is “disproportionally well-positioned to capture this new supply chain demand,” the analyst tells investors. In addition, the analyst added Stag to the firm’s “Franchise Picks” list.