RBC Capital Downgrades Prologis to Sector Perform, Raises Price Target to $127
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Michael Carroll has downgraded Prologis (NYSE:PLD) from Outperform to Sector Perform while raising the price target from $124 to $127.

August 05, 2024 | 11:23 am
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RBC Capital has downgraded Prologis from Outperform to Sector Perform, but raised the price target from $124 to $127.
The downgrade from Outperform to Sector Perform suggests a less optimistic outlook on Prologis' stock performance relative to its sector peers. However, the raised price target indicates some positive expectations for the stock's value. The mixed signals may result in a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100