RBC Capital analyst Michael Carroll lowered the firm’s price target on Prologis (PLD) to $117 from $128 and keeps a Sector Perform rating on the shares. The industrial REIT sector has broadly seen an uptick in volatility given the tariff news, and it will remain under pressure at least until the macro uncertainty clears, with the firm reducing its 2025 and 2026 earnings estimates to reflect this backdrop, the analyst tells investors in a research note.
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