Prologis price target lowered to $132 from $137 at Truist

Truist lowered the firm’s price target on Prologis (PLD) to $132 from $137 and keeps a Buy rating on the shares as part of a broader research note on REIT’s. The firm is updating its model to reflect Q3 results, recent events, and adjusted revenue growth and expense assumptions, the analyst tells investors in a research note. The firm is also cutting its FY25 FFO view by 5c to $5.81, with the decrease primarily due to lower development deliveries and more conservative leasing assumptions, Truist added.