Prologis price target raised to $148 from $135 at RBC Capital

RBC Capital raised the firm’s price target on Prologis (PLD) to $148 from $135 and keeps a Sector Perform rating on the shares. The company delivered healthy Q1 results, and the management noted that tenant activity has remained healthy despite the recent geopolitical risks, the analyst tells investors in a research note. Tenant activity held largely steady in March amid the ran conflict with no notable changes v. the prior month, the firm added.