RBC Capital raised the firm’s price target on Prologis (PLD) to $128 from $125 and keeps a Sector Perform rating on the shares. The company’s Q4 results were in line, but the management appeared more optimistic regarding near-term fundamentals, having indicated its customer discussions and leasing pipeline have all bounced post the election, the analyst tells investors in a research note. Prologis also appears more confident that demand will rebound in the second half of FY25, the firm added.
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