The Globe and Mail reports in its Wednesday, Jan 17, edition that CIBC World Markets analyst Sumayya Syed has an "outperformer" recommendation and $10.50 unit target for Nexus Industrial REIT. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the units at $9.13. Ms. Syed says in a note: "Nexus is among a limited set of opportunities for investors to gain pure-play exposure to Canadian industrial fundamentals. As the heavy lifting of repositioning from a diversified REIT is complete, the organic-growth outlook will, in our view, benefit as below-market leases mature over the next several years. We also see runway for acquisitive growth from management's proven ability to source deals via industry relationships, and in relatively low competition markets. Units are trading at a 22-per-cent NAV discount vs. 10 per cent for peers, and we view valuation as attractive." The Globe reported on Aug. 17 that Raymond James had lowered its recommendation for Nexus Industrial to "outperform" from "strong buy." The units could then be had for $7.92. The Globe reported on Nov. 17 that BMO had reaffirmed its "market perform" recommendation for Nexus Industrial. It was then worth $7.44.