BofA analyst Camille Bonnel lowered the firm’s price target on Prologis to $143 from $149 and keeps a Buy rating on the shares following what the firm calls “another solid quarter with slightly better-than-expected operating trends.” After updating the firm’s model for Q3 results, BofA is lowering its 2024 estimates by 2.5% and price objective by 4% to reflect higher interest expenses, higher taxes and later development stabilizations, the analyst tells investors.
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Read More on PLD:
- Prologis price target lowered to $119 from $131 at Baird
- 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
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