As previously reported, BofA analyst Samir Khanal upgraded Prologis (PLD) to Buy from Neutral with a price target of $130, up from $118, following the firm’s Global RE Conference. The key new takeaway from the event is that conversion of new lease proposals into signed leases during Q3 is occurring at a better rates than during Q2, says the analyst, who sees demand versus supply dynamics improving throughout 2026 and notes that the firm’s estimates are above the Street consensus.
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