Truist analyst Ki Bin Kim lowered the firm’s price target on Prologis (PLD) to $120 from $123 and keeps a Buy rating on the shares. The firm decreased its 2025 and 2026 FFO per share estimates, primarily due to lower occupancy, lower lease spreads, and slower development leasing.
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Read More on PLD:
- Prologis price target lowered to $119 from $132 at Barclays
- Prologis price target lowered to $117 from $128 at RBC Capital
- Prologis’s Growth Potential and Resilience Amid Economic Uncertainties: A Buy Rating by Ki Bin Kim
- Broadstone Net Lease partners with Prologis on $78.2M development
- Prologis price target lowered to $122 from $130 at Argus