Mizuho analyst Vikram Malhotra upgraded Prologis (PLD) to Outperform from Neutral with a price target of $118, up from $109. The setup for some industrial real estate investment trust stocks should improve over the next six months due to a more supportive macro environment, the analyst tells investors in a research note. The firm says Prologis now trades at a 5% discount to the REIT sector after underperforming in the past 30 days.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLD:
- Prologis files automatic mixed securities shelf
- Saudi Arabia’s Sovereign Wealth Fund Pulls Back from SHOP, BABA, META Stocks in Q2
- Prologis: Strong Buy Rating Despite Target Price Reduction and Trade Policy Uncertainties
- Prologis price target lowered to $140 from $150 at Citi
- Prologis, Inc. Reports Strong Q2 2025 Performance