In a report released today, Brendan Lynch from Barclays maintained a Buy rating on Prologis (PLD – Research Report), with a price target of $123.00. The company’s shares closed last Friday at $104.06.
Lynch covers the Real Estate sector, focusing on stocks such as Boston Properties, Cousins Properties, and Eastgroup Properties. According to TipRanks, Lynch has an average return of -6.3% and a 38.35% success rate on recommended stocks.
In addition to Barclays, Prologis also received a Buy from Truist Financial’s Ki Bin Kim in a report issued on April 26. However, on April 22, BMO Capital downgraded Prologis (NYSE: PLD) to a Hold.
The company has a one-year high of $135.76 and a one-year low of $95.32. Currently, Prologis has an average volume of 3.6M.
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Prologis (PLD) Company Description:
Prologis, Inc. is a real estate investment trust which is engaged in the logistics real estate business. The company owns, operates and develops industrial real estate, with a focus on the consumption side of the global supply chain.
Read More on PLD:
- Prologis price target lowered to $125 from $142 at Truist
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- Prologis price target lowered to $120 from $139 at Argus
- Prologis downgraded to Market Perform from Outperform at BMO Capital
