Argus Research Maintains Buy on Prologis, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Argus Research analyst Marie Ferguson maintains a Buy rating on Prologis (NYSE:PLD) but lowers the price target from $139 to $120.

April 22, 2024 | 3:34 pm
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NEUTRAL IMPACT
Argus Research maintains a Buy rating on Prologis but lowers the price target from $139 to $120.
The maintenance of a Buy rating suggests a positive outlook on Prologis by Argus Research, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to market conditions, company performance, or sector trends. This mixed signal might lead to short-term uncertainty among investors, balancing the potential for both positive and negative reactions in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100