Prologis price target lowered to $131 from $142 at Barclays

Barclays lowered the firm’s price target on Prologis to $131 from $142 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the real estate investment trust and communications infrastructure group. The firm expects continued leasing momentum in Sunbelt markets and sees an improving leasing environment across Manhattan.