Barclays Maintains Overweight on Prologis, Lowers Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Anthony Powell maintains an Overweight rating on Prologis (NYSE:PLD) but lowers the price target from $135 to $123.

April 29, 2024 | 3:39 pm
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Barclays maintains an Overweight rating on Prologis but lowers the price target from $135 to $123.
The adjustment in price target by Barclays reflects a recalibration of expectations for Prologis, possibly due to market conditions or company performance. Maintaining an Overweight rating indicates a positive outlook on the stock, but the lowered price target suggests tempered expectations for its price performance in the short term. Investors might see this as a nuanced view, acknowledging Prologis's strengths while also accounting for factors that could limit its stock price growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100