BMO Capital initiated coverage of Terreno Realty (TRNO) with a Market Perform rating and $71 price target Terreno trades at a premium valuation, which allows it to reinvest, the analyst tells investors in a research note. However, the firm says that in the backdrop of rising vacancy and interest rates, the stock’s near-term multiple expansion will be limited.
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Read More on TRNO:
- Terreno Realty (TRNO) Q4 Earnings Cheat Sheet
- Terreno Realty sells property in South San Francisco, CA for $8M
- Terreno Realty initiated with a Hold at Deutsche Bank
- Terreno Realty downgraded to Equal Weight from Overweight at Barclays
- Terreno Realty sells industrial property in California for $16.9M
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