Goldman Sachs Downgrades Prologis to Neutral, Lowers Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has downgraded Prologis from Buy to Neutral and reduced its price target from $142 to $132.

October 21, 2024 | 12:16 pm
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NEGATIVE IMPACT
Goldman Sachs analyst Caitlin Burrows downgraded Prologis from Buy to Neutral and reduced the price target from $142 to $132, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by a major financial institution like Goldman Sachs suggests a less favorable view on Prologis' short-term performance. The lowered price target further indicates reduced expectations for the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100