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Stock impact report

Freedom Capital Raised Prologis, Inc. (PLD)'s Target to $138, Cites Portfolio Strength Despite Downgrade [Yahoo! Finance]

Prologis, Inc. (PLD) 
Last prologis, inc. earnings: 4/21 08:00 am Check Earnings Report
US:NYSE Investor Relations: ir.prologis.com
Company Research Source: Yahoo! Finance
TheFly reported on January 23 that Freedom Capital Markets downgraded PLD from a Buy to a Hold rating and cited the stock's valuation as it nears its target. The firm raised its price target to $138 from $134. The analyst pointed out that despite the downgrade, PLD's Q4 report demonstrated the quality of its portfolio and the robustness of its business model, especially as the U.S. industrial real estate market continues to stabilize. Conversely, a day earlier on January 22, BMO Capital Markets raised its price target for Prologis, Inc. (NYSE:PLD) to $123 from $119 while maintaining a Market Perform rating. The increase reflects a higher net asset valuation. The firm highlighted PLD's improving near-term earnings, strong institutional support, and a “positive inflection point” in industrial fundamentals, but noted the shares still trade at a significant premium to its industrial and data center REIT peers. Prologis, Inc. (NYSE:PLD) is a global leader in logistics real estate, spe Show less Read more
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