JP Morgan Maintains Overweight on Prologis, Lowers Price Target to $131
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Mueller maintains an Overweight rating on Prologis (NYSE:PLD) but lowers the price target from $138 to $131.
October 21, 2024 | 2:44 pm
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JP Morgan has maintained its Overweight rating on Prologis but reduced the price target from $138 to $131, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Prologis, but the lowered price target indicates a tempered outlook, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100