Terreno Realty price target lowered to $63 from $68 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Terreno Realty (TRNO) to $63 from $68 and keeps a Neutral rating on the shares. The company’s Q3 FFO of 62c per share was in line with consensus estimates, and the firm is revising its model, reflecting lower leasing spreads amid slowing market rent growth, the analyst tells investors in a research note.

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