Evercore ISI raised the firm’s price target on Prologis to $126 from $123 and keeps an Outperform rating on the shares. The firm is rolling forward its valuation framework in its real estate coverage to capture an additional year of earnings growth, rolling forward its AFFO estimates from 2024 to 2025 and adjusting its price targets accordingly.
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Read More on PLD:
- Prologis price target lowered to $120 from $135 at Truist
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- 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
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