Evercore ISI Group Downgrades Prologis to In-Line, Announces $136 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Steve Sakwa downgraded Prologis (NYSE:PLD) from Outperform to In-Line and set a price target of $136.

March 18, 2024 | 10:26 am
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Prologis downgraded by Evercore ISI Group from Outperform to In-Line with a new price target of $136.
The downgrade from Outperform to In-Line suggests a neutral outlook on Prologis by Evercore ISI Group, indicating that the stock might perform in line with the market or sector averages. The setting of a price target at $136 could imply that the analyst sees limited upside potential from the current levels, which might lead to a short-term stabilization or slight adjustment in the stock price. However, the impact is considered neutral due to the lack of a negative outlook and the presence of a specific price target, which can sometimes act as a support level.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100