What exactly changed in the FR analyst rating on February 10, 2026?

Citigroup maintained a **Neutral** rating on First Industrial Realty Trust (FR) and raised its price target to **$63** from **$60** on February 10, 2026. The firm kept its recommendation steady while nudging valuation expectations higher.

How should investors interpret the Citi-maintained Neutral FR analyst rating?

A maintained Neutral means Citi recommends holding existing FR positions. The rating suggests limited near-term upside, while the **$63** price target implies modest valuation improvement tied to leasing strength and FFO guidance.

Does the new FR price target change the stock’s outlook?

The price target raise to **$63** signals slightly better valuation assumptions but does not shift the recommendation. It tightens potential upside, so investors should weigh yield, FFO growth, and entry price against the FR analyst rating.

What is Meyka AI’s view on the FR analyst rating?

Meyka AI rates FR with a grade of **B+**, reflecting strong fundamentals and solid analyst coverage. The grade factors in benchmark comparisons, sector performance, growth, and analyst consensus and is for guidance only.

Analyst Ratings

Citigroup Maintains Neutral on First Industrial Realty Trust (FR) Feb 2026

ByHuzaifa Zahoor February 11, 2026February 11, 2026

Citigroup maintained a Neutral rating on First Industrial Realty Trust, Inc. (FR) on February 10, 2026, while raising its price target to $63 from $60. The FR analyst rating update kept the view steady but nudged valuation expectations higher. Citi cited company fundamentals and recent leasing momentum behind the price target change. This note follows First Industrial’s Q4 2025 results and guidance that showed leasing strength and an FFO midpoint of $3.14 per share.