Barclays Maintains Overweight on Prologis, Lowers Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Anthony Powell maintains an Overweight rating on Prologis (NYSE:PLD) but lowers the price target from $153 to $141.
March 27, 2024 | 11:39 am
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Prologis but lowers the price target from $153 to $141.
While the maintenance of an Overweight rating suggests a positive outlook on Prologis by Barclays, the reduction in the price target could indicate a tempered expectation for the stock's performance in the short term. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100