Piper Sandler Upgrades Terreno Realty Corp (TRNO) to Overweight

Piper Sandler analyst Alexander Goldfarb upgraded Terreno Realty Corp (NYSE: TRNO) from Neutral to Overweight with a price target of $75.00 (from $65.00).

The analyst comments: "Given management is usually understated, their enthusiasm following 3Q25 results stood out as they see tenants becoming more engaged, since pulling back with Liberation Day. LA and, to a lesser extent, NJ remain two weaker markets, as both work through excess space taken during the pandemic. Miami is also digesting the rapid post-pandemic rent increases. On the positive, the NYC boroughs remain strong, DC sees no impact from DOGE or the shutdown, while the Bay Area and east side of Seattle are rebounding because of tech, AI, and manufacturing."

For an analyst ratings summary and ratings history on Terreno Realty Corp click here. For more ratings news on Terreno Realty Corp click here.

Shares of Terreno Realty Corp closed at $60.96 yesterday.

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