The Globe and Mail reports in its Wednesday, Aug. 16, edition that iA Capital Markets analyst Gaurav Mathur has an unchanged "strong buy" recommendation on Nexus Industrial REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mathur cut his unit target by a loonie to $13. Analysts on average target the units at $11.43. Mr. Mathur says in a note: "The REIT has a long growth runway with rental rate increases that are much higher than its publicly listed peer set in the Canadian industrial sector. At current levels, the stock provides an opportunity to generate alpha. From a valuation perspective, we have trimmed our NOI, FFO/unit, and AFFO/unit estimates which incorporate the slowdown in acquisitions and focus on debt repayments." The Globe reported on Feb. 14 and March 21 that BMO rated Nexus "market perform." The units could then be had for $10.71 and $9.64. The Globe reported on May 20 that Raymond James analyst Brad Sturges had reiterated his "strong buy" recommendation for Nexus Industrial REIT. The units were then going for $9.01.