First Industrial Realty Trust (FR) Upgraded to Buy: Here's Why

Core Viewpoint - First Industrial Realty Trust (FR) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Company Performance and Outlook - The upgrade for First Industrial Realty Trust indicates an improvement in the company's underlying business, which is expected to drive stock appreciation [5]. - The Zacks Consensus Estimate for First Industrial Realty Trust is projected at $2.94 per share for the fiscal year ending December 2025, reflecting no year-over-year change, but estimates have increased by 0.7% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a "Strong Buy" or "Buy" rating, indicating superior earnings estimate revisions [9][10]. - The upgrade of First Industrial Realty Trust to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].