Baird analyst David Rodgers lowered the firm’s price target on Prologis to $119 from $131 and keeps a Neutral rating on the shares. The firm said they are warming to shares given the broader group pullback. However, they do see incremental near-term risk for shares as current valuations still give credit to Prologis’s embedded mark-to-market.
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Read More on PLD:
- Prologis price target lowered to $125 from $140 at Argus
- Prologis narrows 2023 core FFO view to $5.58-$5.60 from $5.56-$5.60
- Prologis reports Q3 core FFO $1.30 , consensus $1.26
- Prologis Reports Third Quarter 2023 Results
- Options Volatility and Implied Earnings Moves Today, October 17, 2023
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