Prologis price target lowered to $138 from $151 at UBS

UBS lowered the firm’s price target on Prologis to $138 from $151 and keeps a Buy rating on the shares. The company’s Q1 results added to the debate around if and when industrial warehouse demand will reaccelerate, the analyst tells investors in a research note. UBS thinks Prologis can maneuver through a challenging environment over the next couple of quarters before demand reaccelerates.