Goldman Sachs Maintains Buy on Prologis, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Caitlin Burrows maintains a Buy rating on Prologis (NYSE:PLD) but lowers the price target from $163 to $140.
April 22, 2024 | 2:07 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Prologis but reduces the price target from $163 to $140.
The maintenance of a Buy rating by Goldman Sachs suggests a positive outlook on Prologis, indicating confidence in the company's fundamentals. However, the reduction in the price target could reflect adjustments in market conditions or expectations, potentially leading to short-term price volatility. The overall impact is neutral as the positive sentiment of the Buy rating may balance out the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100