Scotiabank Maintains Sector Outperform on Prologis, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Nicholas Yulico maintains a Sector Outperform rating on Prologis (NYSE:PLD) but lowers the price target from $149 to $130.
May 16, 2024 | 1:52 pm
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NEUTRAL IMPACT
Scotiabank analyst Nicholas Yulico maintains a Sector Outperform rating on Prologis but lowers the price target from $149 to $130.
The maintained Sector Outperform rating suggests continued confidence in Prologis' performance, but the lowered price target indicates a more cautious outlook on its short-term valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100