JP Morgan Upgrades Prologis to Overweight, Raises Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Mueller has upgraded Prologis (NYSE:PLD) from Neutral to Overweight and increased the price target from $123 to $148. This upgrade reflects a positive outlook on the company's stock, suggesting potential for growth.
December 18, 2023 | 10:14 am
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POSITIVE IMPACT
Prologis has been upgraded by JP Morgan from Neutral to Overweight with a raised price target from $123 to $148, indicating a bullish outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance and outlook for the company. The increase in price target further strengthens the positive sentiment, indicating that JP Morgan sees significant upside potential for Prologis.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100