Mizuho Downgrades Prologis to Neutral, Announces $125 Price Target
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vikram Malhotra has downgraded Prologis (NYSE:PLD) from Buy to Neutral and set a price target of $125.

December 05, 2023 | 10:00 am
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NEUTRAL IMPACT
Prologis downgraded by Mizuho from Buy to Neutral with a $125 price target.
Downgrades typically lead to a negative perception among investors, potentially causing short-term price declines. However, the price target of $125 may suggest limited upside or downside, hence the neutral score. The relevance is high as the news directly pertains to PLD. The importance is significant as analyst ratings can influence investor sentiment and stock price. The confidence level is high due to the direct mention and clear action by a reputable analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100