Morgan Stanley Maintains Overweight on Prologis, Raises Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ronald Kamdem has maintained an Overweight rating on Prologis (NYSE:PLD) and increased the price target from $128 to $141.
January 24, 2024 | 8:11 pm
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POSITIVE IMPACT
Morgan Stanley analyst Ronald Kamdem reaffirmed an Overweight rating on Prologis and raised the price target to $141, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Ronald Kamdem from Morgan Stanley typically signals a strong conviction in the company's future performance and growth potential. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100