BMO Capital Downgrades Prologis to Market Perform, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst John Kim downgraded Prologis (NYSE:PLD) from Outperform to Market Perform and reduced the price target from $145 to $112.
April 22, 2024 | 9:41 am
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Prologis downgraded by BMO Capital from Outperform to Market Perform with a price target reduction from $145 to $112.
The downgrade by BMO Capital from Outperform to Market Perform, coupled with a significant reduction in the price target, suggests a bearish outlook on Prologis by the analyst. This could lead to a negative perception among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100