Research report 

Analyst Sri Nagarajan at RBC Capital Markets has raised the price target for San Francisco’s AMB Property Corp. (AMB), a real estate investment trust that handles mainly industrial properties, by 5 percent to $66 and reiterated his outperform rating with average risk. The increase reflects confidence in the recovering U.S. industrial market, AMB’s recently announced international expansion plans and higher than expected debt/preferred stock reduction by the company. The company has a portfolio totaling 128.2 million square feet in 40 markets in 13 countries. The stock has ranged from $46.26 to $65.38 in the last year. For more information go to www.rbccm.com.

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